The current price for Palladium at the time of writing is $1214.25. After seeing a brutal collapse which initiated in 2022 and brought the price down to $826 in August 2024, this market has managed to consolidate throughout the current year. A golden cross formed at the beginning of October together with a period of higher highs and higher lows.
On the weekly chart, the price has broken above the upper Bollinger band and the MACD-V indicator has broken above the zero line.
All these technical observations point to the start of a bull market for Palladium which has more room to catch up with the current bullish scenario seen in other precious metals.
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.
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