All precious metals started a bull
market a couple of months ago and they're consolidating. The difference with palladium
which makes him more interesting than the others ( silver
) is that he's the only one that hasn't made the golden cross: 50 over 200MA. I made a rough linear approximation and this should come somewhere in the middle of may. Please observe the behavior of the other metals when this situation occurred.
proved to be useful as a support level
on the last drop, and it is the case here too. However I believe it is climbing too fast, so there will be some correction in the short term, but staying inside the pitchfork
Good luck with your trades, and please share your comments.