Palladium Price Outlook: XPD/USD Holds Above $1,760 as 50 EMA Support Stays Intact

⬤ Palladium (XPD/USD) is finding technical footing after printing a doji and spinning top around the 50 EMA on the daily chart, showing short-term indecision amid choppy price action. Pointed out in the chart commentary, "price is consolidating sideways within a rising broadening wedge, with bulls defending multiple support layers." This stabilization phase suggests Palladium is maintaining its broader upward momentum even as volatility picks up.

⬤ The daily TradingView chart shows XPD/USD trading near $1,760, framed by white trendlines forming a rising wedge since mid-2025. The wedge's lower boundary and horizontal support around $1,600 have become key defense zones where buyers are stepping in to absorb supply, despite wider price swings from expanding volatility. The 50 EMA sits just below recent candles, continuing to act as dynamic support - consistent with Palladium's recent 5% rally that came even as positioning remained heavily tilted toward shorts at 94%, creating potential squeeze risk if support holds and shorts get forced out.

⬤ Back-to-back indecision candles without meaningful downside follow-through hint that sellers might be losing steam, while buyers keep defending the trend structure. The rising broadening wedge pattern shows higher highs and higher lows overall, but also reflects growing market volatility - meaning price could swing widely within this formation before breaking out decisively. Bulls holding control around key supports near the lower trendline reinforces the idea that the uptrend is still alive, while the upper boundary of the wedge marks a longer-term resistance target. Technical patterns like the cup formation near $1,845 have previously shown price finding stability at elevated levels.

⬤ The current consolidation above the 50 EMA within a broader rising wedge matters because it shows Palladium's structural uptrend remains unbroken on a technical basis despite short-term choppiness. Holding key support and dynamic moving-average levels keeps the broader bullish framework intact rather than signaling a reversal. Continued stability in these zones could preserve the trend's integrity, shaping how traders read the next directional move for XPD/USD going forward.