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June 2, 2026
NEWS: Palladium price increased 2.1% to reach the highest level in the last three days, as investors remained cautiously optimistic that the US and Iran could still secure a peace agreement.
Possible Scenarios:
If Palladium fails to breach through R1 of 1422.92, our Analysis Department expects Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R1 of 1422.92, our Analysis Department expects Palladium to extend its gains to its R2 of 1437.58.
Support and Resistance Levels:
|
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1354.52 |
1369.18 |
1383.84 |
1403.38 |
1422.92 |
1437.58 |
1452.24 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €85.85 |
(+/-) £74.21 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16487
***GBP/USD = 1.34758
Calculations for exchange rate used as of Tuesday, June 2, 2026, 8:10: AM