Palladium (XPDUSD) Up $27.68 Over Past 4 Hours, Entered Today Up 1.45%; Price Base in Formation Over Past 30 Days

Palladium 4 Hour Price Update

Updated June 23, 2020 03:17 PM GMT (11:17 AM EST)

The back and forth price flow continues for Palladium, which started the current 4 hour candle off at 1938.1761 US dollars, up 1.45% ($27.68) from the last 4 hour candle. Relative to other instruments in the metals asset class, Palladium ranked 3rd since the last 4 hour candle in terms of percentage price change.

Palladium Daily Price Recap

The choppiness in the recent daily price action of Palladium continues; to start today, it came in at a price of 1938.1761 US dollars, up 1.45% ($27.68) since the previous day. Relative to other instruments in the metals asset class, Palladium ranked 3rd since the previous day in terms of percentage price change. 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. Also of note is that on a 30 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 down 16 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Palladium:

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Open: $1941.3 USD per oz 2020-06-23 08:30:18 HKT

  • From palladiumtweets:

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

  • From palladiumtweets:

    London & Zurich #Palladium #Price Close: $1907.9 USD per oz 2020-06-22 17:00:18 CEST