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- Palladium prices consolidate the biggest daily losses in two weeks.<\/strong><\/li>\n
- Previous support line from December 2021, 21-day EMA guards recovery moves.<\/strong><\/li>\n
- Bearish MACD challenges upside momentum, 200-day EMA adds to the downside filters.<\/strong><\/li>\n<\/ul>\n
Palladium (XPD\/USD) recovers from a fortnight low to $2,383, up 1.30% intraday heading into Monday\u2019s European session.<\/p>\n
The precious metal\u2019s latest rebound could be linked to the pair\u2019s inability to conquer the 100-day EMA, which in turn joins the recently firming RSI line to keep buyers hopeful.<\/p>\n
However, bearish MACD signals and convergence of the 21-day EMA, as well as the support-turned-resistance line from mid-December 2021, around $2,500, appears tough nut to crack for the XPD\/USD bulls.<\/p>\n
Should the metal buyers successfully cross the $2,500 hurdle, the recent top near $2,605 and February\u2019s high of $2,706 will be on their targets.<\/p>\n
Meanwhile, a downside break of the 100-day EMA, around $2,320 at the latest, will need validation from the 200-day EMA level of $2,270 to recall the palladium bears.<\/p>\n
Following that, February\u2019s low of $2,195 and the $2,000 threshold may lure the sellers.<\/p>\n
Palladium: Daily chart<\/h2>\n
![](\"https:\/\/editorial.fxstreet.com\/miscelaneous\/Palladium_28032022-637840406580807402.png\")
<\/a><\/p>\nTrend: Limited upside expected<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n
- Previous support line from December 2021, 21-day EMA guards recovery moves.<\/strong><\/li>\n