Palladium 4 Hour Price Update

Updated August 06, 2020 03:18 PM GMT (11:18 AM EST)

Palladium closed the last 4 hour candle up 2.01% ($43.02); this denotes the 2nd 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 yesterday up 2.16% ($46.2); this denotes the 2nd day in a row an upward move has occurred. Relative to other instruments in the metals asset class, Palladium ranked 3rd since yesterday 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. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 14 days Palladium’s price has gone up 8 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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: