Palladium BullflagPalladium has formed a bullflag on the 4H chart, this is looking to extend the current bull run that has produced large returns.
Palladium
Calling Tops In a Bullish MarketAs a rule of thumb you shouldn't call tops or bottoms, react to change. However ima give it my best shot for fun. A bullish divergence can be seen for Palladium on the RSI, which has lead to a large bull run comparable to the initial bull run seen, will this come crashing down like the fractal predicts? I'm no Nostradamus but it would make a hell of a trendline. Return to the mean channel is likely, eventually.
Palladium : Remember, You only have One Bullet...Hello !
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
More importantly, let's get into comment sharing!
Let's start.
This is a one-try trade only.
XPDUSD 1W Chart :
Momentum seems to be slightly weakened, but the trend can be incredibly strong, misleading.
Our Risk / Reward ratio is 1/3
COT Position Status :
There are big reductions in positions here, but my opinion :
Short should only be considered for a permanence below Fibonacci 0.618.
And there is an incredibly forceful trend based on supply - demand.
This will continue violently in all directions for a while.
Parameters on Chart Presentation.
NOTE :
We definitely stop trading at these levels, including 2294 stop-loss.
For those who are at the computer: There may be under 2294 closings.
We definitely don't get stubborn under these places.
Best regards.
PALLADIUM Symmetrical TriangleLooking for further upsides once symmetrical triangle completes final downward wave, breakdown of triangle leaves us with a target at the grey EMA level, which is still very bullish above the parallel channel.
Palladium (PA1!) short.All description on the chart.
Please, don't forget to like and follow.
Thank you.
Palladium Struggling To Pass $2.500$2,500 proved to be a big hurdle for price towards the end of January 2020. Price soon started to see
weakness and the selling began but was caught by the 20sma support level.
From the start of February 2020, there has been increased momentum in price. The force of the
recent move appeared as though it was going to be enough to break through the resistance at the round number
but it appears to be holding price back yet again.
Right now the 20sma and the $2,500 round number are forcing price into a squeeze and we should eventually
see a breakout to the upside or the downside in the near future. As the trend is bullish, the bias is for
a breakout to the upside.
Should price eventually break out through resistance, then we should be seeing new historical highs created,
which a year ago would have been viewed as very unlikely to happen. This is the reason why thinking has no
place in trading. We can not think what will happen next, but we must act upon price movement as it happens
using a solid trading strategy.
The trends in the past have ranged from moves between 18% and 38%. The move so far has only risen 11%
and if the trend continues then we are not even in the 18% range yet so there may be more profits to come.
We will be looking to add further compounds once a breakout occurs.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Palladium bearish prediction on daily retracementAfter Palladium has had a recent correction it retracted to 0.786 fib, in fact it ran some further and triggered some stops in typical fashion. Right now it is below
that line. Notice the large top wick of 62 points (worth $6200 for one contract) . This is an indication that bears are still in control for now. Shorting here will give you a nice risk reward ratio.
Disclosure : I am 2 contracts short as of today
Palladium: buying at consolidation target level.The price goes down after breaking through the consolidation. You might consider buying at the consolidation target level of 2180.
To save money on swaps, it makes sense to consider buying an ETF PALL instead of trading spot or CFD.
Palladium COT&Open Interest Jan 28 2020There's a drop in interest by MM longs and Prod Shorts since COT. Spreads increasing
XPDUSD - Continuing up or falling back further down?Since the rally to 2525 price started to cooldown a bit. Price formed a range now around (2333-2256 region) the 38.2% fib level. If prices whishes to continue upwards then it must hold the bottom of the range. safest execution would be to enter on a break&retest of the range. This ofcourse applies for both ways. Palladium refused to fall down even with the pressure from the 'coronavirus' while equivalent commodities took hard hits, this is why i think there is possible more room for palladium to go up.
-We must monitor price carefully and execute on what we see, not what we think.
~Gratz TopTok.
Palladium: Correction in Feb/March then Rising Again in Q3Palladium is highly correlated to the SPX movement and Palladium's parabolic shooting star was essentially formed not only from manipulation, speculation and demand, but also, basically 6 months of upside momentum in the SPX.
The SPX in my opinion will likely undergo a deep correction in February and March overall - with some bounces along the way - before rising later in the spring months of 2020. Because of this, I believe Palladium will breakdown (overtime) to the pre-breakout level of the consolidation level which will be anywhere from 1850-2000 depending on the weakness in the equity market. In this case, I am looking for a minimum 15% correction off current levels of ~2280. However, closer to a 20% corrective cycle certainly cannot be ruled out.
Generally, I am looking for Palladium to correct anywhere into the 1850-2000 range.
This weakness in the market will be a good buying opportunity for Palladium (ETF: PALL) but not yet. I believe the SPX will inevitably get to 4000 based on further rate cuts (not a strong economy) and this will push Palladium parabolically higher again around late Q2 or early Q3 for the remaining of 2020 and into potentially early 2021. Inevitably, when a recession does happen (probably won't be widespread confirmed until sometime in mid to late 2021) this will send Palladium into a corrective territory of a 40% drop from the peak.
TLDR: Stay on the side-lines until the SPX shows strength in reaching ATHs, excluding fake-outs. This likely won't occur until sometime in late April-ish where it will regain momentum.
- zSplit
Palladium Halts After Previous Big MoveThere is no surprise that Palladium has currently found weakness after hitting a round number following
a strong surge in price. With every big move, we can expect to see exhaustion in the market before
a continuation in the trend.
Price first made contact with the $2,500 round number on January 17th and has since pulled back.
The recent pattern of breakouts and trends may be over if price declines further but for now the uptrend
is still intact.
When price pulls back, we always want to look for areas of support/resistance that price may move towards.
In this case, the next obvious area of support below price is the 20sma. It was last used as support back
in December 2019 and may do the same again.
After this level, the next area of support is the previous resistance turned support which is right at the
$2,000 psychological round number but this is some distance away from where price is now.
Palladium is still priced higher than Gold and currently holding the title for the priciest precious metal
for the time being. If we do see a break and close above the current all-time high at $2,543 then we
should see further bullish moves in Palladium.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
XPDUSD Sell SignalPattern: Channel Up on log 1M.
Signal: Bearish as tha parabolic rise within the Channel Up broke.
Target: $2000 (Higher Low of the Channel).
High chances that Palladiun will start a downswing High chances that massively overbought Palladium will start a downswing from this point. Watch carefully and take conscious action!
Pre-Fed Fake-Out for Liquidity; 1700+ near/in March RemainsAs I noted several times over the past several days, weeks and months, 1700+ is in the cards either by March or sometime in early March. While yesterday (January 28th) may have scared many people off as Gold dropped about 1% and Silver dropped to roughly 17.45 ( for seemingly no reason ), the reality is, this was nothing more than speculators stopping out leveraged funds on retail and day-traders.
What we saw yesterday was a pure liquidity trap and Gold (and Silver) will likely reverse to the upside beginning after the Fed meeting; the reversal may-be immediate, or it may take 1 or 2 trading sessions. Regardless, 1700+ for Gold in March as well as 21+ for Silver on the same time-frame remains in-tact. As of time of writing, the reversal seemingly has begun.
Once we breach 1700, the short back down to roughly 1600-1630 will likely be present unless something extraordinary occurs (like some epic escalation in the coronavirus). After this short we can expect mid-cycle meandering once again, before a likely rise to 2000 sometime in the summer months and towards the end of 2020.
- zSplit
Palladium: long-term uptrend.The long-term upward trend of palladium is due to three factors:
1. Demand from industry, which greatly exceeds supply.
2. Almost monopoly price controls by producers in Russia and Africa.
3. Interest in palladium by long-term speculators.
In such circumstances, prices can rise for several years. That will provide an opportunity to get good income in the long run.
Value Hunting in the Silver Junior Mining SpaceWith silver likely to surpass its 2016 peak of $21 this year in 2020, some of the overlooked silver junior miners may catch a bid here.
In order to get back to just its 2016 peak, Impact Silver would need to increase 197%.
I think at minimum we will get a 100% move in Impact Silver in 2020, with a less likely upward potential of 275%.
This a miner you want to be accumulating while cheap and owning during the next bull market in silver.
Very little debt. Is a producing junior miner. Has survived multiple bear markets. Highly leveraged to the price of silver.
XPDUSD | Shooting StarPlease support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 2413.510
TP1 - 2140.442
TP2 - 1967.684
SL - 2502.676
Reason: Exponential Growth, Shooting Star reversal Pattern. The price is overbought According to RSI.
Risky: Remember this is a risky setup despite market shows us irrational behavior and previously we got stopped out.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Gold is Nearing a Sharp Rise Upwards in February/MarchHighlights
- GDXJ to 50.00 or higher by March
- Yields to make new record lows in 2020
- DXY to rise slightly in Q1 to early Q2 of 2020 and fall sharply mid to late year
- Gold to hit 1700+ in March; Silver to hit 21.50+ in March
- Gold to reach 1900+ by year-end; Silver to hit 24+ by year-end
- Gold stocks to outperform every sector in the equity market when averaged over 2019-2023 when the time comes
As I have been touting for quite some time, Gold finished its major correction back in November and has increasingly been gaining considerable momentum since early November. Only up until recently has Gold entered the next phase in its run. Since early January we have formed slight upside but mainly consolidation; this will end shortly and the next leg higher will show face.
Gold will run to 1700 or higher by March or sometime in March as I have held consistent on for over a month. With an overbought equity market and concern over the coronavirus, this may cause a sharp rise in Gold, Silver and Platinum that I have been referring to. This may also bring the much needed "rest" for Palladium and bring about a 5% correction depend on earnings and monetary policy in the coming weeks.
Now is the time to buy Gold and Silver.
- zSplit
Silver: Mirroring July; Over $20 in March: Prepare for it!At current time, both Silver and Gold are in mid-cycle consolidations (not corrections) and it is highly improbable that the current key levels/values (~1550 for Gold and around 17.65-17.75 for Silver) fails to hold. Any deviation from these values will be bought and the price will bounce towards these ranges as we gear up for the next leg higher. This has been the case several times already.
Technical analysis points to Gold reaching 1700+ sometime in March, with Silver reaching 21+ in the similar time-frame.
Dating back to December, I forecasted this run-up for JNUG and USLV (Gold and Silver respectively) and this pattern still holds true.
- zSplit
