Gold has made good progress this month, forming a strong bullish candle despite
being in an area of consolidation.
Price ultimately needs to break above the August 2020 all-time high at $2075,
but there is another resistance level in the way at $1920 from the September 2011 high.
This month’s candle pushed above this level, but the sellers have pushed price back...
Palladium completed its wave 1... Short-term Correction wave 2 is expected to drag the price up to the 1965.00 range.
given chart invalid if price exceeds 2698.61 in the short term. TVC:PALLADIUM CURRENCYCOM:PALLADIUM CAPITALCOM:PALLADIUM OANDA:XPDUSD NYMEX:PA1!
Educational Purpose Only! Do Analys before taking a position!!!
Palladium slipped 4.6% to $2,252.68 per ounce, after fears of supply disruption due to the Russia-Ukraine conflict drove it to a two-week high on Monday.
Thesis: Russia/Ukraine tensions threaten to disrupt the global supply of Palladium- a precious metal used to produce semiconductor chips. Small chip producers, particularly in smaller countries like Taiwan, companies may not be able to get their hands on enough supply. Palladium prices may increase if that happens....Plus, from a TA perspective...check out the...
Why am I long on Palladium?
- The majority of palladium supply comes from Russia and Ukraine, and with current economic conditions, a supply shortage (aka price increase) is likely.
-Inflation is out of control in. When almost every other country's currency bleeds against the US dollar, this is not a good sign. Precious metals to the moon!
- A bounce off the long...
Palladium has just provided three reasons why I will look for a retracement before looking for the long.
1. Market has reached a trend line connecting tops - 9 month span
2. Market has hit the 1.272 from high 18th Nov (double top) - low 31th Dec - the 1.272 is the pink line. Note: We need to take in to account the larger swing from Dec15 - present.
3. Market has...
Hi TRADERS this is my trade set up for PALLADIUM for the new week ahead
PALLADIUM I am expecting a break above the 22066.50 level , so I am only looking for a buy trade after this break out
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good...
PALLADIUM (XPDUSD) has given a breakout from falling trendline and is sustaining above it.
We are expecting bulls to continue their attack and break all minor resistance. A buy on dip stance should be adopted with calculated risk one can ride the uptrend.
Trade your levels accordingly.
XPD/USD bears aim for 50-DMA during four-day downtrend
NEWS | 1/3/2022 5:34:27 AM GMT | By Anil Panchal
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Palladium stays pressured around intraday low, keeps pullback from five-month-old resistance line.
50-DMA, 23.6% Fibonacci retracement level limits immediate downside.
11-week-old horizontal line adds to the...
Zoom in on the weekly palladium/platinum ratio.
When this drops, it means platinum is outperforming palladium.
In July 2001, that top on the ratio broke down, and gold and platinum both did 400% (4x) in 6 years.
This is a very important chart that many are missing.
Palladium chart is a train wreck
I would be very surprised if it doesn't visit the corona lows
And even with a significant bounce it's likely to be in a bear market for sometime
NOT INVESTMENT ADVICE
Note- action-reaction chart in log
Also- smacks of a slowdown/demand-side problems in 2022
Palladium futures are falling for the eighth consecutive month from their peaks at $3019 per ounce in April-May this year. And there are a number of reasons for such a decline as palladium is used as an industrial metal for the production of car components that are used in high-ecological standard engines. However, the car production industry is suffering due to...
One of my jobs as a technical analyst was to provide trading ideas. Sometimes this was intraday and sometimes these were longer term strategic positions.
When it comes to intraday entry points I like to use a couple of indicators at least to give me a potential entry point and for me, my dream duo is the Fibonacci retracement and the ichimoku cloud combo. I...
