Hello everyone, if you like the idea, do not forget to support with a like and follow. Palladium is approaching around a support zone in green so we will be looking for buy setups. on H4: Palladium formed a valid trendline in orange but it is not ready to go yet. Before we buy, we want the buyers to prove that they are taking over again. Trigger => ...
Palladium setting up for the premium discount, stay aware. Godspeed
Many contracting triangles have 5 waves: a-b-c-d-e. Occasionally the 5th wave will itself be made up of 5 waves which gives a total of 9 waves: a-b-c-d-e-f-g-h-i. That is what I favor is happening currently with palladium futures. If correct we should see a up swing soon. Process your way. PALL is a stock that can be used to trade palladium if you do not trade futures.
Gold was sitting around the $1825 on Friday, July 16. Silver was over $26, platinum was near the $1140 level, and palladium was around $2700 per ounce. All four of the precious metals that trade on the COMEX and NYMEX divisions of the Chicago Mercantile Exchange have been trending higher over the past years. Gold and palladium reached all-time highs over the past...
Hello everyone, if you like the idea, do not forget to support with a like and follow. PA1! is sitting around the round number 2900 so we will be looking for sell setups on lower timeframes. on M30: PA1! formed a valid trendline in red but it is not ready to go yet. Before we sell, we want the sellers to prove that they are taking over again. You don't want...
Since our last post, palladium has made good progress, moving up $90 to meet the resistance from February 2020. Price is at an interesting point, because a clean break above and we should see price move towards the all-time high at $3017. The weekly 50 simple moving average has aided this gradual upwards move. The first break of $2875 was short-lived as price...
Palladium looks set to make another attempt at breaking out of the 16 month period of consolidation, which began in February 2020. A break above the consolidation high at $2875 was made in April this year, but that was short-lived as price returned back into the consolidation zone after being forced down by the $300 round number psychological resistance...
Pattern: Channel Up on 1D. Signal: Buy as the price is rebounding after hitting the 1D MA200 (orange trend-line) and the 1 year RSI Support. You can wait for the MACD Bullish Cross to confirm that. Target: 2950 (top/ Higher High of the Channel Up) and 3300 in extension (1.5 Fibonacci extension as with previous Highs). ** Please support this idea with your...
Following the free fall we witnessed in Palladium last week, price has appeared to have found some form of support just above the 50 simple moving average. Price does tend to hit the 50 simple moving average, so if we see further declines, we may see price tag this indicator before seeing a continuation to the upside. In April this year, price had finally broken...
Precious metals (PM) have really struggled this week, with the following weekly movement in USD: Gold TVC:GOLD -5.65% Silver TVC:SILVER -7.17% Platinum TVC:PLATINUM -7.2% Palladium TVC:PALLADIUM -8.23% All these PM’s seems to be heavily oversold over the shorter-term, which could see a bit of a recovery over the next week or two. Why is this important?...
Idea for Palladium: - 2 Potential short swing trades coming up with good R/R. - Currently bullish Trend, bearish Trade. - Can make Trend Ascending Triangle and breakout, or Rising Wedge reversal with a local Head and Shoulders. - I am looking to short the re-test of the breakout to the downside. GLHF - DPT
Palladium is currently taking a dive, and something similar is happening with Gold and Silver right now. The news is likely fueling this and the decline could be short-lived. In April of this year, price had broken out and created a new record high at $3017, hitting the $3000 round number. This psychological level of resistance created an obstacle for price and...
Gold was falling as real yields were going up, but now that that trend has reversed gold is looking better. Gold has successfully broken and retested many key levels + several important moving averages and pivots. In the past I thought 1680 would break even just in the short term and it is still a possibility, but looks less likely at the moment. Currently Gold...
Several support levels has failed in Platinum, now testing a declining triangle. Commodity futures should be up because of the pressured fed rates and shortages in supply. However hit in the car manufacturing industry is pressuring platinum levels as well. Platinum prices were above gold and palladium before pandemic and is expected to catch up at some point....