19.12.202405:18 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Palladium Commodity Asset, Wednesday December 18, 2024.

From what is seen on the 4-hour chart of the Palladium commodity asset, it appears that the EMA 21 is below the WMA 55 which indicates a Death Cross condition followed by the appearance of hidden deviations between the XPD/USD price movement and the Momentum indicator (10) where all of these movements are within the XPD/USD weekly Bearish Pitchfork Channel so that based on these facts in the next few days, Palladium has the potential to continue its weakening to the level of 890.87 if this level is successfully broken and closed below it by XPD/USD then the weakening will continue to the level of 830.61 and if the momentum and volatility support it then the level of 770.35 will be the next target to be aimed for but all of these weakening scenarios will become invalid and automatically canceled if on the way to the target levels there is a significant strengthening especially if it breaks through and closes above the level of 991.09.

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