Palladium Price Analysis: XPD/USD eases on the way to $2,180

  • Palladium seesaws around monthly peak, keeps key trend line breakout.
  • Firmer Momentum line strengthens bullish bias, $2,460-75 becomes the key hurdle.

Palladium (XPD/USD) bulls take a breather around a one-month high, recently sidelined near $2,115 ahead of Tuesday’s European session.

The precious metal refreshed the multi-day top following its sustained run-up beyond the previous resistance lines from August and July. Also backing the XPD/USD bulls is the upbeat Momentum line.

Hence, the commodity buyers can ignore the latest sideways grind while aiming for October’s peak surrounding $2,180.

Though, any further upside will enable the palladium bulls to aim for the late August month’s low near $2,265. Even so, a convergence of the 200-DMA, June’s low and August 25 high, around $2460-75 becomes a tough nut to crack for them afterward.

Meanwhile, pullback moves remain less important until staying beyond a descending trend line from August, near $2,050.

Following that, the $2,000 threshold and a four-month-old support line, previous resistance, will lure the palladium bears to $1,980.

Palladium: Daily chart

Trend: Further upside expected

Additional important levels

Today last price 2116.45
Today Daily Change -4.05
Today Daily Change % -0.19%
Today daily open 2120.5
Daily SMA20 2022.13
Daily SMA50 1998.22
Daily SMA100 2221.08
Daily SMA200 2477.98
Previous Daily High 2131.91
Previous Daily Low 2087.29
Previous Weekly High 2108.59
Previous Weekly Low 2000.52
Previous Monthly High 2178.1
Previous Monthly Low 1849.2
Daily Fibonacci 38.2% 2114.87
Daily Fibonacci 61.8% 2104.33
Daily Pivot Point S1 2094.56
Daily Pivot Point S2 2068.61
Daily Pivot Point S3 2049.94
Daily Pivot Point R1 2139.18
Daily Pivot Point R2 2157.85
Daily Pivot Point R3 2183.8



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