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
Technical Analysis: Silver āļāļļāđāļ 2% āđāļĄāđāļāļāļĨāļĨāļēāļĢāđāļāļ·āđāļāļāļąāļ§ ðž āļāļ°āļĨāļļāđāļāļ§āļāđāļēāļāļŠāļģāļāļąāļāđāļĨāđāļ§?
āļĢāļēāļāļēāļāđāļēāļ TTF āļĒāļļāđāļĢāļāļāļļāđāļāđāļāļ°āļĢāļ°āļāļąāļāļŠāļđāļāļŠāļļāļāđāļāļĢāļāļ 5 āđāļāļ·āļāļ āļŦāļĨāļąāļāļāļĢāļīāļĄāļēāļāļāđāļēāļāļŠāļģāļĢāļāļāļĨāļāļĨāļ ð
ðž āļĢāļēāļāļēāļāđāļģāļĄāļąāļāļāļļāđāļāļāļķāđāļ 2%
ðž āļāļāļāļāļģāļāļļāđāļ 2.5% āļāđāļēāļĄāļāļĨāļēāļāđāļĢāļāļāļ·āđāļāļāļķāļāļāļąāļ āđāļāļ°āļĢāļ°āļāļąāļāļŠāļđāļāļŠāļļāļāļāļąāļāļāļąāđāļāđāļāđ 5 āļĄāļī.āļĒ. āļŦāļĨāļąāļāļāļāļāļāđāļĒāļĩāļĨāļāđāļŠāļŦāļĢāļąāļāļŊ āļāļĢāļąāļāļāļąāļ§āļĨāļ
