On Monday, we can observe a rebound of precious metals, which can be explained by a correction of the dollar. Gold broke above the major resistance zone at $ 1795 and is trading above $ 1800. Silver is gaining more than 2.5% and platinum added 1.7%. Nevertheless, the true winner of today's session is palladium, which is gaining over 6%.
From a technical point of view, the price returned above the key support level at $ 2,320. This level is marked with the lower limit of the local downward channel as well as a wide 1: 1 correction (purple rectangles). Moreover, the recent downward move resembles a simple ABC correction.
Palladium, D1 interval. Source: xStation5
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NATGAS āļĢāđāļ§āļāļāļ§āđāļē 7% ðĻ
BREAKING: āļĢāļēāļāļēāļāđāļēāļāļāļĢāļĢāļĄāļāļēāļāļī (NATGAS) āđāļĄāđāđāļāļĨāļĩāđāļĒāļāđāļāļĨāļ āļŦāļĨāļąāļāļŠāļāđāļāļ EIA āļĨāļāļĨāļāļĄāļēāļāļāļ§āđāļēāļāļĩāđāļāļēāļāļāļēāļĢāļāđ
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