The current price of Palladium at the time of writing is $1091. The short-term trend shows continued downside pressure with focus on the Fibonacci 61.8% retracement level of $1053, based on the recent $1337 to $881 range traded since April 2025. The daily MACD-V indicator value of -46 remains in negative territory and is trending to the downside.
The monthly chart, however paints a more constructive picture with the $826 level acting as strong support. The MACD-V indicator, although still in negative territory, is trending upwards. Long positioning should be delayed until we see clear signs of stability on the daily chart, such as bullish divergence on the relative strength index.
Disclaimer
Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you
