NewsSignals AI analysis·Invezz·Oct 28, 2026

Palladium price enters oversold zone in high-impact week

Grade Bbearish AI signal$XPD$BRENT$DXY

Palladium has fallen to a four-month low of $1,033 per ounce, with an RSI of 26 signaling deeply oversold conditions after seven weekly declines in the past eight weeks. HSBC cut its 2026 average palladium price forecast to $1,436 from $1,546 per ounce, while mine-supply constraints remain a potential source of support. The upcoming Fed decision and US PCE inflation data could drive further volatility, with elevated interest-rate expectations potentially limiting any corrective rebound.

Bullish strength: 40/100

An RSI of 26 indicates palladium is deeply oversold, creating potential for a corrective rebound.
Mine-supply constraints could support palladium prices.
The article identifies potential fundamental undervaluation as a bullish factor.

Bearish strength: 60/100

Palladium reached a four-month low of $1,033 per ounce.
HSBC reduced its 2026 average price forecast from $1,546 to $1,436 per ounce.
Palladium declined in seven of the past eight weeks.
Elevated interest-rate expectations and a stronger US dollar could weigh on palladium.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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