Palladium (XPDUSD) Down $4.01 On 4 Hour Chart, Entered Today Down 0.17%; Pin Bar Pattern Appearing on Chart

Palladium Daily Price Recap

2325.09521 was the closing price of the day for Palladium, resulting in today being one in which price moved down 0.17% ($4.01) from the day prior. Relative to other instruments in the metals asset class, Palladium ranked 3rd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Palladium.

XPDUSD

Palladium Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Palladium’s price has gone up 7 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.