It seems the bearish butterfly harmonic pattern is formed and can put palladium under pressure with increasing in sell positions. So It can touch the targets in .
Pattern: Channel Up on 1D.
Signal: As long as the 4H MA200 (yellow trend-line) supports, buy the dips. If it breaks potential prolonged sideways action until the 1D MA200 (orange trend-line) approaches.
Target: Trade within the patterns that will be formed.
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Palladium had a nice run between 2018 and 2020 with a rise of 245% during this period
before the Covid-19 pandemic hit price.
From that point, price created an all-time high at the time of £2875, then there was
a sharp decline to near the $1500 round number.
The round number and the 50 simple moving average cushioned the fall and gave price
enough support to...
Grid Metals Intersects 37.6 g/t Palladium and 21.3% Copper in Massive Sulfide Vein at East Bull Lake; Parisien Lake Zone Continues to Expand
TORONTO, ON / ACCESSWIRE / May 5, 2021 / Grid Metals Corp. (the "Company") (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report new results from three additional drill holes from the Central Parisien Lake Zone at its East Bull Lake...
PLG :
Nice bull flag breakout. Price heading to 1st resistance of 5.68 - 6 zone.
If we break the 6 zone, the flag target is around 9-10, which matches with past support-resistance zone.
Trade safe.
Palladium should not be ignored even if there are strong moves happening in other markets because this
commodity has the potential to trend well long-term.
The trend between January 2016 and February 2020 saw a 542% move to the upside allowing for the
accumulation of simple profits during that period.
As expected, price went into consolidation following such a...
XPDUSD Broke out of a channel that was the for a loing term, retested the level and looks like it will continue trending upwards to make the 5th wave
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Palladium failed to hit the $3000 mark during the bull run that ended in early 2020. Price created an
all-time high at $2875, which occurred just before the peak of the global pandemic and was followed
by a decline.
The 50 simple moving average on the weekly timeframe was there to cushion the sharp fall and has
been acting as a ladder ever since, slowly helping...
Chalice has a major Palladium find in Australia - been trend most of last summer/fall and is now set to break major resistance for a new multi-month run-up. They are well funded and have major further exploration potential.
