I think we are currently in 3rd macro wave, and 3rd impulsive micro wave will end around $1,200-1,300 by the end of 2018, which means there is still room for price increase by around 10%.
From a macro perspective, 2019 could be a bearish year due to the ongoing price rally. After a potential retreat, next price target could be above $2,000 but we need additional data to speculate.
For the short run, if palladium can pass over $1,100, which is a strong resistance, the price rally can gain more power for the higher levels.
From a macro perspective, 2019 could be a bearish year due to the ongoing price rally. After a potential retreat, next price target could be above $2,000 but we need additional data to speculate.
For the short run, if palladium can pass over $1,100, which is a strong resistance, the price rally can gain more power for the higher levels.
