PALLADIUM - Key zone to Watch for the Next Move

21. Jan.

XPDUSD is present in a key resistance zone, a level that has previously acted as a turning point for strong bearish reversals. The recent upward momentum leading into this zone increases the probability of heightened selling interest.

This could set the stage for a potential decline toward the 957.900 level. But If the resistance is decisively broken, it could mean further bullish advances, suggesting a continuation of the upward trend.

In other words, XPD/USD is at a critical point, with the resistance zone likely to determine the market's next direction.

-Price to watch 957.900,
-A breakout would indicate further bullish continuation.

Remain disciplined, wait for definitive confirmation before entering positions. This shows the importance of careful analysis and adherence to trading plans.

21. Jan.

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