Palladium Prices Slide Amid Failed Rebound Attempt
Palladium extended losses as early stabilization signs failed to materialize into sustained recovery. XPD/USD dropped nearly 3%, testing support near $1,220 after breaching critical levels earlier this month.
The metal's decline mirrors broader commodity weakness, with technical charts showing consistent lower highs since June's breakdown below $1,360. Market participants now watch the $1,250-$1,265 resistance zone for potential trend reversal signals.
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