Never miss a story from Mahmoud Alkudsi

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Mahmoud Alkudsi

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

Palladium Price Forecast

  • Palladium charts and analysis.
  • Palladium price trading higher.

Did we get it right with our various forecasts? Find out more for free from ourQ2 USD and main currencies forecasts

Palladium Price Takes off

On May 22, Palladium price corrected higher after carving out a higher low at $1.299.0 On May 30 the price leaned even higher creating a higher high at $1,380.5. The price created another lower high on June 3 showing clear intentions from the bulls to take charge.

On June 6, the Relative Strength Index (RSI) crossed above 50 starting a bullish momentum.

Having trouble with your trading strategy?Here’s the #1 Mistake That Traders Make

Palladium DAILY PRICE CHART (Mar 7, 2019 – JUn 13, 2019) Zoomed In

Palladium price daily chart 13-06-19 Zoomed in

Palladium DAILY PRICE CHART (JUN 4, 2018 – JUn 13, 2019) Zoomed OUT

Palladium price daily chart 13-06-19 Zoomed Out

Looking at the daily chart we notice Palladium on Jun 10 closed above $1,375.0 eying a rally towards the April 26 high at $1,468.2. Therefore, any close above this high could mean more bullishness towards $ 1,507.0. However, the daily resistance at $1,500.0 is worth monitoring.

On the flipside, if Palladium fails to close above $1,468.2 this could send the price lower towards $1,375.0. Although, the daily supports at 23.6% Fibonacci retracement at $1,430 and $1,395.6 should be monitored.

Just getting started?See our Beginners’ Guide for FX traders

Palladium Four-HOUR PRICE CHART (May 28, 2019- JUN 13, 2019)

Palladium price 4Hour chart 13-06-19

Looking at the four- hour chart we notice Palladium started upward trend on Jun 5 creating higher highs and higher lows. On June 11 the uptrend started to accelerate craving out steeper higher lows emphasizing the strength of the bullish move.

A break above the daily resistance at $1,450.8 may lead the price to test the 26 of April peak at $1468.2. Although, the daily resistance at $1458.0 should be kept in focus.

On the other hand, any break below $1,406.0 could send the price towards $1,388.1 (the June 12 low). However, the daily support level at $1,394 need to be watched closely. See the chart for the key levels if the price trades below the June 12 low.

Written By: Mahmoud Alkudsi

Please feel free to contact me on Twitter: @Malkudsi