Just to share my current Palladium trading idea.
In my opinion, Palladium will probably want to test the support before it takes the next big step.
So the right time to buy has not yet come and is likely to be in the second half of November.
Of course, I can be completely wrong. Take care & good luck!
Palladium is now on a new Higher High within the 1W Channel Up (RSI = 68.210, MACD = 65.770, Highs/Lows = 97.7642). Based on the similarities with the 2017 Channel Up and with the 1D RSI having reached a peak level (RSI = 66.981) it is natural to assume that a minor pull back is in place (1,600 projection) that will only fuel the uptrend on the long term within...
Often when we talk about commodities, the popular ones that come to mind are Gold and Silver.
They have both performed well in the past. Gold is now looking interesting but has been stuck in consolidation since 2013
and silver is still range bound and requires multiple resistance levels ahead to be cleared before we will consider it.
What good is trading an...
Since recapturing its 200DMA back in February, IVANHOE MINES LTD - TSX:IVN has been trending sideways and in the process, building-out a massive base as we can observe from the Daily chart above.
Additionally, IVN continues to trade above all of its important moving averages 20/50/200 and remains in fine technical shape.
Furthermore, if one were to zoom-out to...
Nach dem starken Anstieg des Palladium Preises befindet sich der Markt nun auf dem daily Chart in der Überverkaufzone. Zudem sehen wir eine bearische Divergenz bei MACD und RSI. Wenn der Trendkanal welcher nun seit August anhält gebrochen wird sehe ich hier eine mögliche Korrektur auf ca. 1542 USD. Natürlich sollten wir hier noch auf Bestätigung warten.
Right now the precious metals are gearing up for a historic run, with Palladium already soaring to record highs.
One of the hardest part when something breaks records is its almost impossible to know where the top is, particularly in this case. Why? With a looming recession, precious metals are bound to soar - and soar parabolically.
PDL has incredible...
Posted some days ago that palladium may be ready to drop.
It is my opinion that we are indeed ready and a drop may have kicked in.
For observational purposes, trade at your own risk...
Check linked ideas for previous post on palladium.
Last post: See link below.
Review: Price was in a period of consolidation.
Update: Price has formed a cup & handle pattern in an uptrend which is a strong continuation pattern.
Conclusion: If we see a break and close of the all-time high then we should see another strong bullish trend emerge.
Any comments or questions, do not hesitate to leave them below. Give...