Palladium Price Analysis: XPD Tests Recovery Zone as Momentum Indicators Remain Weak

Despite the rebound from last July’s levels, the asset’s trend is struggling after severe corrections from levels over $2,000 in the first half of the year.

As can be seen from Trading Economics data, in February palladium prices registered a peak close to $2,200 prior to the initiation of a sustained downtrend. The price then stabilized near the $1,200 level in July before starting a slow rebound towards the current value.

Investing.com charts show that XPD/USD is currently trading near $1,379.55, while buyers try to solidify this rebound. In a shorter-term outlook, the TradingView platform’s palladium perpetual futures indicate price levels near $1,382. Currently, the MACD continues below the signal line, and the RSI hovers around 38, pointing to weakening momentum, even though this does not yet indicate a technically oversold scenario.

Palladium Recovers From July Support

Palladium Recovery After Reaching Support Levels From July. The TradingEconomics Palladium 1-year chart shows strong price rises and declines. As the Investing.com Palladium 1-year chart shows, the precious metal palladium registered a rapid acceleration between late 2025 and early 2026, passing the $1,200 level and approaching $2,000 in early Jan 2026, and continued to rise until April-May.

In mid-April, however, prices failed, and a sustained depreciation pushed palladium towards the $1,200-1,250 range between June and July. Palladium prices began their recovery around these support levels, returning close to the $1,380 range, retracing what could be the beginning of a new phase.

Palladium appears to be returning to levels prior to consolidation in May-June 2026, and this price is currently testing resistance levels up to the $1,400 value after having struggled to break above these levels on two occasions in the second quarter of this year. XPD / USD attempts to break upwards; however, it must overcome said resistance to target prices higher towards $1,500.

XPD Faces Resistance Near $1,400

XPD Faces Resistance: The $1,400 price range analysis is being done on Investing.com’s daily candlestick chart, where XPD/USD is nearing the $1,380 mark. The rebound following the sharp drop to the $1,150 range in July shows buyers starting to build ground above $1,350 and extending towards $1,400. XPD/USD: The chart shows resistance zones between the $1,400 and $1,420 levels, previously an area of support.

After moving out of a support region and losing levels over $1,400 in early June, traders may see renewed interest in the area if it can maintain support as buying pressure picks up steam around $1,400–$1,420; as it tries to consolidate on levels over this, it might open opportunities up to $1,500 and again towards the previous June resistance.

However, failing to break past will only initiate further depreciation towards the support area at $1,300 and then towards the bottom$1,200s. Buying continues below$1,400 as it seems XPD has more to gain; however, should these levels give out, we may start to see selling pick up pace, pushing Pd back down to lower prices, as the prior levels lost and tested will still hold relevant until shown to the contrary.

Momentum Indicators Show Limited Strength

Palladium is trading at$1,382 in the TradingView chart; the chart displays negative momentum, with indicators like MACD on very low levels, and only the recent candles on the chart that show the intent and effort from buyers for a rally from price lows of the $1,200s back up.

The RSI is near 38, but this only signals buying, rather than buying pressure from momentum. However, I feel momentum will be coming soon, and that should push the price above the $1,400, $1,500, and $1,600 ranges again.

The MACD line continues to underperform relative to the signal line (MACD of -1.44, signal line at -1.39, and histogram of -0.05); it may suggest some slowdown in selling pressure; however, for now, sellers reign.