Most people talk about gold and silver, but palladium quietly plays a huge role in the real economy. It’s a rare precious metal mainly used in catalytic converters to reduce harmful vehicle emissions, while also appearing in electronics, dentistry, jewellery and some hydrogen technologies. That limited supply and industrial demand can make $XPD extremely volatile.
The 1-hour chart showed a sharp rebound from the 1,246 area, followed by another reaction near support. I entered the long around 1,257.30, looking for a quick continuation rather than expecting a complete trend reversal.
My target sits near 1,258.97, while the stop at 1,256.46 keeps the setup controlled. Palladium can spike without warning, especially with 15x leverage, so this is a planned momentum trade, not a position I’ll hold emotionally. Let’s see whether buyers can defend this zone.
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The 1-hour chart showed a sharp rebound from the 1,246 area, followed by another reaction near support. I entered the long around 1,257.30, looking for a quick continuation rather than expecting a complete trend reversal.
My target sits near 1,258.97, while the stop at 1,256.46 keeps the setup controlled. Palladium can spike without warning, especially with 15x leverage, so this is a planned momentum trade, not a position I’ll hold emotionally. Let’s see whether buyers can defend this zone.
#ShareMyTradFi