For the palladium there could be a very long journey to the south. If I do not see a closing price above 1599,866 on H4 basis, then I go shortwith SL above last week's high.
1. Initial confirmation for falling prices would be Break and Close below 1541.40.
2. The second confirmation would be closing price below Tenkan on a weekly basis at 1473.7
3. The third confirmation is when the SMA 50 passes through the cloud.
Even if prices continue to rise, this setup would not be completely discarded, just postponed a bit.