PALLADIUM - In a significant resistance level

Jan 24

XPDUSD is approaching a significant resistance level that has previously seen bullish momentum. This area aligns with a notable supply zone and could present a potential selling opportunity.

If bearish signals, such as rejection wicks or bearish candlestick patterns, appear, the price may decline toward 993,000. Crossing above this resistance zone would diminish the bearish perspective and indicate bullish continuation.

Key Takeaway: Monitor price action closely at this level and prioritize strong risk management. What’s your perspective on this setup? Share your thoughts in the comments!

Jan 24

Trade active

Jan 27

Trade closed: target reached

Take Profit Reached