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 outlook

  • Palladium charts and analysis.
  • Palladium price printing its highest levels in three and a half months.

Palladium Price – Potential Uptrend Reversal

On Tuesday, Palladium continued its uptrend carving out a higher low at $1,539.8, then yesterday broke above a key resistance level at $1,581 .

The Relative Strength Index (RSI) on July 3 peaked above 70 creating a high, then yesterday created a lower high above 70 indicating to a top failure swing and signaling a possible reversal to the current upward trend.

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

Palladium DAILY PRICE CHART (MAy 13, 2018 – JUL 11, 2019) Zoomed Out

Palladium price daily chart 11-07-19 Zoomed out

Palladium DAILY PRICE CHART (April 18 – JUL 11, 2019) Zoomed In

Palladium price daily chart 11-07-19 Zoomed in

Looking at the daily chart we notice today Palladium rebounded from the uptrend line originated from the Oct 30 -18 low at $1,068.0, although the price has printed $1,604.5 – its highest level in nearly three and a half months.

Hence, a close below $1,507.0 may press the price towards $1,468.2 although the weekly support mentioned on the chart (zoomed in) needs to be monitored.

In turn, any failure to close below $1,507 could cause a rally towards the March 21 high at $1,616.3, although; today’s high mentioned above needs to be kept in focus.

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

Palladium Four-HOUR PRICE CHART (Jun 25 - JUL 11, 2019)

Palladium price four-hour chart 11-07-19

Looking at the four-hour chart we notice today Palladium returned to the consolidation area $1,555.6 - $1,576.0. Therefore, a break below the low end of this area may send the price towards the July 9 low at $1,539.8. See the chart to know more about the key support levels the sellers may encounter below $1,539.8.

On the other hand, Palladium rebounded today from $1,604.5, hence; a break above this threshold could send the price towards the March 21 high at $1,616.0.

Written By: Mahmoud Alkudsi

Please feel free to contact me on Twitter: @Malkudsi