Palladium (XPDUSD) Up $3.35 in Last 4 Hours, Tops All metals; Price Base in Formation Over Past 90 Days

Palladium 4 Hour Price Update

Updated February 04, 2021 01:58 AM GMT (09:58 PM EST)

Palladium came into the current 4 hour candle up 0.15% ($3.35) from the open of the last 4 hour candle, marking the 7th straight candle an increase has occurred. Relative to other instruments in the metals asset class, Palladium ranked 2nd since the last 4 hour candle in terms of percentage price change.

Palladium Daily Price Recap

The back and forth price flow continues for Palladium, which started today off at 2274.12 US dollars, up 1.44% ($32.32) from the previous day. Palladium outperformed all 5 assets in the metals asset class since the previous day. Congrats to its holders! Let’s take a look at the daily price chart of Palladium.

XPDUSD

Palladium Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Palladium’s price has gone down 16 them.