Palladium (XPDUSD) Down $14.5 in Last 4 Hours, Underperforms All metals; Price Base in Formation Over Past 30 Days

Palladium 4 Hour Price Update

Updated June 22, 2020 03:18 PM GMT (11:18 AM EST)

The back and forth price flow continues for Palladium, which started the current 4 hour candle off at 1910.5 US dollars, down 0.75% ($14.5) from the previous 4 hours. On a relative basis, Palladium was the worst performer out of all 5 of the assets in the metals asset class the current 4 hour candle.

Palladium Daily Price Recap

The back and forth price flow continues for Palladium, which started today off at 1910.5 US dollars, down 0.75% ($14.5) from yesterday. On a relative basis, Palladium was the worst performer out of all 5 of the assets in the metals asset class today. The daily price chart of Palladium below illustrates.

Palladium Technical Analysis

Volatility for Palladium has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 16 out of the past 30 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Palladium:

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Open: $1898.3 USD per oz 2020-06-22 08:30:18 HKT

  • From palladiumtweets:

    New York Comex #Palladium #Price Open: $1913.8 USD per oz 2020-06-22 08:20:18 EDT

  • From palladiumtweets:

    Zurich #Palladium #Price Open: $1908.1 USD per oz 2020-06-22 08:20:18 CEST