Palladium Surge: Price Tests $1,350 Resistance Following Strong July Recovery
The precious metals sector is witnessing a major turnaround as palladium prices test the critical $1,350 resistance level. Following a dip to June lows, aggressive buying pressure has pushed the asset back toward the $1,300 mark, marking a decisive recovery in market sentiment.
This bullish momentum was characterized by a significant trading gap, with demand surging near the session bottom. Investors are now closely watching whether this palladium price action can sustain its momentum and break through key resistance levels to establish a long-term upward trend.
Palladium prices are testing the $1,350 resistance level following a strong market recovery throughout July. Buyers successfully pushed the metal up from its June lows to trade near $1,300. A significant gap was noted in the day's trading activity, as demand returned aggressively near the session bottom, signaling a shift in market dynamics.
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