An idea suggesting bull continuation for palladium
Price can be seen to be sitting right on 4.618 of a trend that was drawn within the bull structure
This is a possible recovery point
It also aligns nicely when a trendline is drawn across the top of the two circles, providing a possible target
The green lines are strong support areas if the bull idea does not...
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PA1! is sitting around a strong support area and round number 2000.0 so we will be looking for buy setups on lower timeframes.
on H4: PA1! is forming a wedge pattern in red but the upper trendline is not valid yet, so we are waiting for a new...
We can potentially see an additional 10% drop but we’ll be buying at every bit of the dip. I believe this is a 1 in 5 year buying opportunity for palladium. Currently the recent Covid variant news is putting downwards pressure on this precious metal as its main driver of demand is through vehicle manufacturing but the suppression of price won’t happen for too much...
As I mentioned in our previous analysis, we considered the price correction to the specified levels to be possible, which happened now that we are trading at the end of the week. . And we predict growth up to specified prices. Also, the well-formed M model has been completed and we will be deciding to start a bullish price rally in the coming days .Otherwise the...
Gold is ranging between 1851 and 1876. It is reasonable for gold to establish value in this range after the significant rally that took us to the 1800's from the mid 1700's. The Kovach OBV is rather flat, so we anticipate the ranging to continue until we see some momentum either way. 1876 should provide resistance, and 1851 should provide support until then. ...
What is PALL ETF?
PALL is first in the space that focuses on palladium exposure in an ETF. The fund tracks the movements in palladium spot price, by providing focused exposure to palladium held in JPMorgan vaults in London and Zurich. ... PALL is structured as a grantor trust preventing trustees from lending the underlying metal.
Gold has been resting well, and the rest may have given new life to the
bullish momentum as we are starting to see some progress this month.
An all-time high formed in August 2020 at $2075, and from there,
we saw a decline down through the $2000 psychological area of
support/resistance and below the 50 simple moving average.
Price formed an area of consolidation...
Palladium - Monthly chart is making a come back after falling off the cliff in the past few months. The drop can be viewed as a much needed correction in the overall bullish trend in the metals market. Price action is telling me that palladium prices have found the floor and now price looks set to bounce back up to possibly new highs in the next coming months to years.
Gold has broken through 1795, and is currently in the value area between 1795 and 1815. We are seeing several red triangles on the KRI suggesting we are facing some resistance, so if we cannot solidify current levels, than expect a retracement back to the 1780's. we will have further support at 1789 then 1784. Recall that gold tested 1759 just two days ago, but...
Monday, 1 October 2021
3:00 AM (WIB)
I would like to open purchase order on Palladium when the price around and near $1.908 area. My target to 0.618 F zone depending on how market reaction on this structure. I see 8% profits on Palladium should be take precisely.
"Live to Ride and Ride to Live"
There are two TP levels; TP1 is safer - more of Throwback price to Throwback.
Chart pattern (?Reversal) herein, is somewhat similar to what is progressing on EURUSD, USDDKK, EURHKD.
It's tricky. Shine ya' eyes.
I used an fx calculator for this--
!! It's palladium not Euro/Usd. That Stop Loss might be more expensive than you thought.
Looks like PALL is repeating a previous pattern. Very cyclic and resolves well with Williams Vix Fix. I see a local bottom that was supported with strong resistance from Aug 2021 to current. If growth is continued as anticipated, this commodity will rebound. If safe havens are sought, this commodity will also grow. Solid indicator data fitting PALL for a 20%+ gain...
Wednesday Morning, 20 October 2021
6:19 AM (WIB)
This is the most interesting ROI with very high risk result. The profits more bigger then Crude Oil and Platinum also Silver. And since the price breaks out from first resistance, I still kept my purchase orders even it hit $2.200. I don't want to wasting time with intraday trading on this. So, I try to review...
Wednesday, 13 October 2021
21:46 PM (WIB)
Palladium declined to form Head n Shoulder from the resistance. But prefer to choose upside move with using 1 F as the great confidence to breaks out the highest price that I expect to be at $2.400 to $2.500. Fascinating strategy from Bulls. At this stage, I need to be careful with counter fall, because the price could...
Friday, 8 October 2021
19:12 PM (WIB)
Palladium since breaks out the first resistance running high with direction to second resistance which it seems as strong resistance at that point. As I said before, I will wait for the price to breaks out that resistance. But, when it comes fall again, I will prepare for another purchase order at first resistance that is...