Palladium has established an up trend on the hourly

After 7 red days in a row & 3 red weeks, Fri saw an inside/doji HOD @ $660.35 that broke to the upside on the open last night.
In addition consolidated with a higher low on the Daily $652.15 and had previous support at that level in Sept
I am trying a swing for several days/possibly weeks, targeting 20DMA for starters @ $719.74 and will re-assess PA at that time.
Would feel better if Platinum came along, so far kind of stuck in the mud in comparison but green on the day as well.
Gold would certainly help both along as well one eye open on that progress during this trade but noting that Palladium has been known to have zero correlation w/gold at times this year like the Nov 4 - Nov 30th bull run. Seems more correlated w/copper as an industrial on that run... if precious metals happen to run same time look out ABOVE

Comment:

Was within a whisker of hitting my stop today with pretty choppy go nowhere price action ... after the last post it rallied to 673.55 only to turn and bottomed at 665.25
Double top @ 678.10 sending mixed signals but our uptrend still intact on 1H and in fact now can define an up trend on the 4H as well, so will stick to my convictions
I survived to keep on keeping on.
If Gold/Silver continue to rally should help

Comment:

Target reached and well beyond :)... I took off half my position today 739.45 will see how it does if another HOD test comes $743.35.. have moved my stop up to $735 for now and very happy either way.. Daily & Weekly both look primed above all MA's and in bull zone above middle bollie ... imo it is reasonable to expect a test of $755 -$760 from here in the coming days