Palladium (XPDUSD) is in the process of forming a Double Bottom on February's Low, following the rejection on the 1W MA50 (blue trend-line). That level has been unbroken as a Resistance since the week of October 10 2022. Once the 1W MA50 breaks, we will have a confirmed buy signal, whose first emergence was when the 1W RSI formed Higher Lows against the price's Lower Lows, which is a Bullish Divergence.
Technically this is a recurring cyclical bottom formed on a 6-year Cycle as the previous ones (January 11 2026 and December 01 2008). All took place on a 1W RSI Bullish Divergence. We expect Palladium to reach at least the 'Russia-Ukraine war peak' at 3450 by mid 2026 - mid 2027.
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