XPDUSD H1: Hold 1,271.00 or Fall to 1,186.00?PalladiumOANDA:XPDUSDProjectSyndicate▪️ XPDUSD H1 SNAPSHOT — EXECUTIVE SUMMARY ▪️ Palladium trades near 1,228.77 in the belly of its range, with clear supply overhead and clear demand beneath. Neither side has forced the issue — structure is compressing. ▪️ Primary outlook is neutral — 1,271.00 is the hinge. Expect the range to resolve, not to persist forever; trade the edges until it breaks. ▪️ Key resistance zone: 1,271.00, leaned on 8 times. Beyond it, 1,306.50 is the next hurdle. ▪️ Major defense line: 1,186.00 — a moderate level at 12 retests, the shelf that anchors the whole structure. ▪️ Primary downside targets: 1,186.00, where liquidity and demand are stacked. ▪️ Major liquidity magnet below: 1,271.00–1,186.00 — this pocket is the downside draw on a break. ▪️ Bullish scenario: A daily close back above 1,271.00 re-opens the topside toward 1,306.50. ▪️ KEY LEVELS ▪️ Current Price: 1,228.77 RESISTANCEs ▪️ 1,306.50 — ★★★ 7.6 Strong · 6 retests ▪️ 1,271.00 — ★★★ 8.0 Strong · 8 retests SUPPORTs ▪️ 1,186.00 — ★★ 6.2 Moderate · 12 retests ▪️ ProjectSyndicate Levels Desk — Overview of key S/R zones for metals, indices, NVDA, NQ, ES & GC traders every week. Subscribe to stay up to date with the latest levels.