Palladium price enters oversold zone in high-impact week - TradingView

AI desk brief

Palladium is trading at $1,033, a fresh 4-month low, with RSI at 26 and the chart still capped by a mid-September death cross, leaving the metal deeply oversold but still under pressure. HSBC cut its 2026 average palladium forecast to $1,436 from $1,546, citing investor liquidation and shifting fundamentals, though mine-supply constraints remain a support factor.

Near-term direction hinges on this week’s Fed meeting, US PCE inflation data, and the dollar. The article flags a likely tight range between support at $1,034 and resistance at $1,089, with any rebound seen capped around $1,146 and downside risk toward $1,020 if selling resumes.