Here’s why palladium is sliding

Traders Union
All News
Financial News
Palladium slides 5.00% today

Highlights

XPD trades at $1,924.35, well above MA-20 ($1,899.74), MA-50 ($1,776.22), and MA-200 ($1,403.14), confirming strong multi-term bullish momentum.
Despite positive daily MACD and ADX readings, oscillators including RSI (68.18) and Stoch RSI signal overbought conditions amid recent high volatility and a sharp 5% price drop today.
Key dynamic support is near the Ichimoku Kijun at $1,910.77 with a weekly projected range of $1,873.01–$2,083.32 and over 80% probability of further price increases barring a breakdown below support.

Anton Kharitonov, expert at Traders Union, notes a glaring disconnect between palladium’s bullish technical posture and the current aggressive selling. He cautions that the 5% daily drop exposes underlying fragility, especially with price action hugging intraday lows and overbought oscillators flashing sustained risk. The lack of supportive news further heightens uncertainty in an already volatile session. Kharitonov emphasizes that persistent momentum readings may mask short-term exhaustion. He warns, "Traders should be defensive until XPD reclaims stability above $1,924 — the risk of a deeper correction remains elevated."

Viktoras Karapetjanc, expert at Traders Union, sees the current pullback in palladium as a healthy pause within a strong uptrend. He emphasizes that the asset remains well above key moving averages while weekly technical signals all lean bullish, reinforcing confidence for further growth. Karapetjanc views short-term volatility as creating new opportunities for buyers, given market structure and persistent momentum. He adds, "With weekly setups this strong, I expect XPD to attract fresh bids — the bullish structure remains fully intact for a move towards $2,100."

Parshwa Turakhiya, analyst, finds that XPD's rapid fall after a gap up offers both a short-term warning and a setup for active traders. He notes high momentum but also flagging oscillators, which could signal further swings inside the $1,870 – $2,080 range. Despite heavy selling pressure, the price is holding above critical supports. He concludes, "Volatility opens doors for nimble trades — I’d watch for a recovery bounce from around $1,910 as sentiment remains mixed but active."

Momentum stays firm as overbought signals and heavy selling diverge

The XPD price at $1,924.35 currently sits above the MA-20 at $1,899.74, well above the MA-50 at $1,776.22, and significantly higher than the MA-200 at $1,403.14. This MA arrangement signals sustained bullish momentum across short-, medium-, and long-term trends, with the nearest meaningful dynamic support around the Ichimoku Kijun at $1,910.77 and resistance likely at the MA-50 or near the recent round levels.

Momentum indicators on the daily chart (MACD and ADX) remain positive, pointing to persistent buying interest, yet several oscillators signal overbought conditions (RSI at 68.18, Stoch RSI, and CCI above neutral). Bull/Bear Power readings confirm buyers have recently dominated, although today’s 5% drop and $101.33 fall represent heavy selling pressure. There was an opening gap up from the previous close, followed by a sharp decline that has placed the price close to today’s intraday low, highlighting very high volatility and clear pressure after the open. Divergences are apparent as momentum holds up but oscillators flash caution, and intraday weakness currently undercuts the broader positive momentum.

Previously it was reported that palladium is trading in a firm bullish trend above key moving averages across all timeframes, with momentum indicators such as MACD and ADX confirming positive bias. While intraday volatility is elevated and some oscillators suggest overbought conditions, key support is seen near the Ichimoku Kijun and resistance around the $2,000 level.

Source of Data: XPD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.