Palladium prices saw an impressive lift over the month of March, the Bullion Desk reported. However, the Bullion Desk is still waiting for prices to rebound to go long on palladium.
As quoted in the publication:
Prices are consolidating after a strong rally. The drop in US vehicle sales in March, announced early in April, seems to be weighing on sentiment but we feel dips will remain well supported considering how oversold palladium prices had become. Prices seem to be trying higher again this week.