Palladium (XPDUSD) Up $42.25 Over Past 4 Hours, Entered Today Up 0.68%; Price Base in Formation Over Past 30 Days

Palladium 4 Hour Price Update

Updated June 01, 2020 11:18 PM GMT (07:18 PM EST)

Palladium is up 2.05% ($42.25) since the previous 4 hours, marking the 5th candle in a row an increase has occurred. Out of the 5 instruments in the metals asset class, Palladium ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

Palladium Daily Price Recap

Palladium’s 3 day negative streak has officially concluded, as the candle from the previous day closed up 0.68% ($13.22). Relative to other instruments in the metals asset class, Palladium ranked 3rd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Palladium.

Palladium Technical Analysis

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 up 16 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Palladium:

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Open: $1956.4 USD per oz 2020-06-01 08:30:23 HKT

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Close: $1972.6 USD per oz 2020-06-01 14:30:23 HKT

  • From palladiumtweets:

    London & Zurich #Palladium #Price Close: $1982.2 USD per oz 2020-06-01 17:00:23 CEST