Palladium Price Analysis: XPD/USD to extend its race higher towards $3,545 – Credit Suisse

Palladium is already at a new record high. Strategists at Credit Suisse see scope for a move to the next resistance at $3,545.

Above $3,545 next resistances align at $3,650, then $3,825

“The completion of a base above $2,218 has acted as the catalyst for a surge to new highs in palladium.” 

“A touch overstretched near-term pullbacks will be seen as temporary ahead of further strength to Fibonacci projection resistance at $3,545. Above here, and we see next resistance at $3,650, then $3,825.”