XPD/USD Possible Downtrend Continuation Palladium started its Downtrend after reaching the top of its Uptrend on June 20 @ 05:00. Now we are at our second lowest High peak of the descending channel with signs of continuous falling.
Downtrend continuation will be confirmed when price falls below 1499.712 then solidifying the move once price falls below 1495.030. Both MACD and RSI show potential upside move, therefore
having our two price levels around busy consolidation areas will give both indicators time to reset for the new move.
-LNP Investments.
