📈Undervalued Palladium?🚀

Among the precious metals, palladium is the best performer at the beginning of the week, rising over 2.3%. In the meantime, silver rose 1% and gold has added 0.4%. Nevertheless, looking at the big picture, palladium still did not managed to recover from sell-off caused by the coronavirus pandemic, while gold achieved this in April and silver in July. Should upbeat moods prevail, palladium seems to have the greatest growth prospects.

Looking from a technical point of view at the D1 interval, the key mid-term supply barrier is the zone at 2330.0. In case we see a break above it, the upward move may accelerate.

Palladium interval D1. Source: xStation5

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Commodities

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