Palladium Price News: XPD/USD rebound battles 21-DMA below $2,900

  • Palladium snaps two-day downtrend, keeps bounce off weekly low.
  • Previous support from early March adds to the upside filters.
  • March’s top, 50-day SMA has become the key supports.

Palladium (XPD/USD) trims intraday gains to $2,882, up 0.80% on a day, ahead of Thursday’s European session. The bright metal dropped to the one-week low the previous day before recovering from $2,851.

However, the corrective pullback not only fails to cross 21-day SMA but also stays below the previous support line from March 09, which in turn keeps sellers hopeful.

While $2,850 acts as a fresh trigger for selling, $2,830 and the $2,800 threshold can entertain short-term XPD/USD sellers afterward.

During the bullion’s weakness past $2,800, March month’s top of $2,756 and 50-day SMA near $2,703 will be important to watch.

Alternatively, a daily closing beyond 21-day SMA near $2,896 will have to cross the $2,900 round figure to direct palladium buyers toward the support-turned-resistance near $2,945.

Also acting as the key upside hurdle is the $3,000 psychological magnet and the monthly top, also the record peak surrounding $3,020.

Palladium daily chart

Trend: Bearish

Additional important levels

Today last price 2886
Today Daily Change 26.87
Today Daily Change % 0.94%
Today daily open 2859.13
Daily SMA20 2896.93
Daily SMA50 2692.59
Daily SMA100 2527.31
Daily SMA200 2415.35
Previous Daily High 2960.91
Previous Daily Low 2851.58
Previous Weekly High 3018.8
Previous Weekly Low 2827.1
Previous Monthly High 3011.62
Previous Monthly Low 2586.05
Daily Fibonacci 38.2% 2893.34
Daily Fibonacci 61.8% 2919.15
Daily Pivot Point S1 2820.17
Daily Pivot Point S2 2781.21
Daily Pivot Point S3 2710.84
Daily Pivot Point R1 2929.5
Daily Pivot Point R2 2999.87
Daily Pivot Point R3 3038.83



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