Artem Voloskovets
⬤ Palladium is showing signs of technical stabilization after a long corrective period, with price consolidating near the $1,845 level. The current structure suggests conditions may be forming ahead of a stronger move. The chart highlights a rounded price recovery, with XPD/USD holding above its recent lows and maintaining upward structure into early 2026.
⬤ The chart shows a clear cup-shaped formation—a gradual decline, a rounded bottom, and a steady recovery back toward prior price zones. This pattern reflects a shift from selling pressure to accumulation over time. After the rounded base, palladium entered a short consolidation phase, the "handle" portion of the pattern, where price moves sideways to slightly lower while holding higher structural levels.
⬤ Palladium advanced from the lower $1,700 area toward the $1,900 region before easing back into consolidation near $1,845. The dotted projection on the chart outlines a potential continuation path if momentum resumes. The pullback has remained controlled with no sharp breakdowns, supporting the view of consolidation rather than renewed weakness.
⬤ This setup matters for the broader commodities market because palladium historically experiences sharp directional moves after extended compression periods. A rounded basing structure can signal changing sentiment following prolonged weakness, especially in markets with thinner liquidity. With price holding above key structural levels, XPD/USD is positioned where consolidation could shift into increased volatility.
Artem Voloskovets
