Helena Izotova
⬤ Palladium prices kept climbing on the daily chart, trading higher inside a broadening ascending wedge that shows growing volatility with a clear upward bias. The metal stayed well supported at rising trendline levels while steadily moving toward the upper edge of the pattern. At the charted moment, Palladium was changing hands near $2,020, extending the uptrend that's been running since late 2025.
⬤ The chart shows a hammer candle that appeared at ascending support the week before—a technical sign that usually means buyers are defending important levels. What matters here is that price never went back down to test that hammer's low, showing buyers jumped in right away and confirming strong demand. This price behavior backs up the ongoing pattern of higher lows that's held up through recent pullbacks and sideways moves.
⬤ More strength came through when price broke above a descending resistance line inside the wedge. The bullish continuation candle that followed signaled fresh momentum and proved buyers are still running the short-term trend. The setup looks healthy, with price staying above rising support and no obvious bearish reversal signals showing up on the daily timeframe.
⬤ Right now, Palladium's managing to keep pushing higher even as volatility picks up. As long as the pattern of higher highs and higher lows stays intact and buyers keep stepping in near support zones, the technical picture points toward continuation rather than distribution. This keeps Palladium locked in a bullish framework for the near term.
Helena Izotova
