8:58 AM · 15 April 2021

Chart of the day - PALLADIUM (15.04.2021)

PALLADIUM
Commodities
-
-

Precious metals trade higher today, benefiting from the US dollar weakness. Palladium is the outperformer within the group, gaining 1.5% so far. Sentiment towards the precious metals has improved following yesterday's speech from Powell. Fed Chairman said that a decision to scale down bond purchases is likely to be made ahead of a decision to hike rates. However, Powell also said that conditions for policy tightening are unlikely to be met before 2022.

Taking a look at the PALLADIUM chart, we can see that the precious metal has managed to break above the upper limit of its recent consolidation range at $2,670. Price is looking towards 2021 intraday high at $2,750 and trades around 5-6% below its all-time high at $2,870. Potential range of a breakout from the  triangle pattern (May 2020 - March 2021) implies an upward move above $3,000 mark.

Source: xStation5

14 October 2025, 6:48 PM

Daily Summary: Powell pulls markets back up! 📈 EURUSD higher

14 October 2025, 2:23 PM

WTI Crude Plunges Over 2% to Lowest Level Since May

14 October 2025, 1:16 PM

Coffee Futures Soar 5%, Break 400 Cents per Pound

14 October 2025, 12:40 PM

Technical look: Gold falls from the record high🔔

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits