Anticipating a Bearish Impulse for Palladium Before Growth

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Anticipating a Bearish Impulse for Palladium Before Seasonal Growth
We are anticipating a final bearish impulse for palladium before a seasonal uptrend begins at the end of the month. Following a recent rejection at a supply area around $1,050, coupled with the overbought condition of the RSI and an exhaustion daily candle, we see potential for another downward movement.

This setup is highly speculative, and we plan to capitalize on this bearish impulse as our current strategy. After this trade, our approach will shift to waiting for October, when we expect conditions to be favorable for a new long position.

By carefully monitoring the market indicators and historical patterns, we aim to make the most of this potential bearish impulse and prepare for the subsequent seasonal growth.

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