InvestingScope
Long

Is Palladium the new Gold?

FX_IDC:XPDUSD   CFDs on Palladium
On this quick comparison we can see how Palladium has outperformed Gold since their recent lows. Although Gold has only managed to grow +7.16% from its recent August lows (1,160) and is way off its annual High (1,366), Palladium has gained +37.96% breaking at the same time its January annual high (1,139.60).

Taking into account the very long term bullish trend on the monthly chart ( RSI = 67.636, MACD = 74.470, Highs/Lows = 62.5922 ) since the 252 low, where Palladium has increased its value by +155.43%, if the 50% Fibonacci retracement level on 1D (991.600) holds, then we can expect another +20% gains in the following months (target 1367). This is a good buy opportunity for long term investors.


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Palladium has been bullish AF. While markets have gone up, and gold/silver took a hit, Palladium has been killing it.

The group of analysts I'm a part of, have been noticing this as well.
+1 Reply
InvestingScope crypto_teller
@crypto_teller, Indeed not that many institutions have been noticing this. Buying Palladium on pull backs has been giving us great returns.
+1 Reply
interesting note
Thank you (Y)
+2 Reply
@duot, You are welcome!
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can you tell me how to save a particular chart on tv..or if you could point me in a direction to learn how to stuff on tv...I want to save the bullish btc chart..Thanks..are you just one person , or do you have a team...
+2 Reply
@AurieK, It is best to check this page out: https://www.tradingview.com/wiki/Main_Page
+1 Reply
I've never heard of it before, will have to research it...Thanks
+2 Reply
@AurieK, You are welcome Aurie. Take a look to see how it is outperforming the sector average. It is a good long term investment.
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