Palladium is on a Tear — Due for a Pullback?

The Daily View for Palladium

  • Currently, XPDUSD’s price is up $22.73 (1.21%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between XPDUSD’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in XPDUSD’s price.

Below is a daily price chart of Palladium.


Featured Palladium Idea From TradingView

Below is a trading comment entitled Another Fall of Crypto, Evergrande and Metals you may find interesting:

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