Palladium Faces Selling Pressure After Uptrend Break
XPDUSD Palladium remains under heavy selling pressure following the break of a key uptrend, with market participants increasingly cautious due to oversupply and weaker demand from critical industries. Technical Outlook
While the technical setup points to further downside potential, a clear break below 1027.29 would confirm this bearish view. Should sellers maintain control, a breach of this support could pave the way for further declines toward 1012.26. Sustained downward momentum would likely target the next levels at 1004.86, 990.99, and 975.96.
Conversely, buyers would need to push prices back above 1063.59 to regain control. For now, the outlook remains bearish, with lower supports coming into focus if sellers persist.
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