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palladium sliding towards 620s

Palladium among the metals are losing their shine for second week in row.

Palldium on the hourly chart as you can see in below chart has very strong resistance at 675$.

A short trade has been intiated at this level and another position was added at 662$ ,which is going to be a very strong resistance days ahead .

On weekly chart , we can find next support at 625$ area. So target for these short trades is 630$

Stop loss will be on close above 675$ .

All of that has been technical move , however that made people think that us dollar is going to rule because of the supposed rate hike in december and us elections in novemeber.

However , I predict that currencies and metals will make a come back and rule over dollar in thw fourth quarter.

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