Palladium Technical Analysis: Lower levels back in focus

New York (Jan 13)  Palladium continues to struggle even as some of the other precious metals have moved a leg higher. The highlighted orange area on the chart shows the $2000/oz area which the bulls failed to test in this most recent price move. Elsewhere on the upside, the $2205/oz level looks pretty firm with around seven tests on this chart alone. Lastly, there is also a trendline resistance that could act as a ticky zone. The downward diagonal sloping line which originated on 13th July 2021 has now been tested for the 3rd time and looks strong.

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