Palladium 4 Hour Price Update

Updated August 07, 2020 11:17 AM GMT (07:17 AM EST)

Palladium came into the current 4 hour candle up 1.79% ($39.12) from the open of the last 4 hour candle, marking the 3rd candle in a row an upward move has occurred. Out of the 5 instruments in the metals asset class, Palladium ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Palladium Daily Price Recap

Palladium closed the day prior up 1.79% ($39.12); this denotes the 3rd day in a row it has gone up. Relative to other instruments in the metals asset class, Palladium ranked 3rd since the day prior in terms of percentage price change. Below is a daily price chart of Palladium.

XPDUSD

Palladium Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 14 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Palladium’s price has gone up 6 of the previous 10 trading days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Palladium for the past day were: