Wanted to “look outside” of the Gold/Silver complex for potential clues about basic metals and maybe the economy. Below is a current snapshot of Palladium.
Palladium is facing Fibonacci 50% retracement resistance at the top of a rising wedge and a potential double top. The strong rally in Palladium has taken place during some decent declines in the U.S. Dollar!
Should the bottom of the wedge break, a message from outside of the Gold/Silver complex would most likely be at hand for the basic materials complex!
