Hello Traders, XPD/USD Palladium 1578.418 VS 1311.485 Blue: Developing a Bigger Corrective / Consolidation / Continuation Pattern for further upside movement breaking all time high's 1578.418 / 1311.485 VS 1827.393 / 1705.807. Yellow: Looking for smaller continuation / corrective pattern for current impulse to break 1578.418. Red: Red: Consolidation /...
Hi everyone, Just to share some thoughts. The World Platinum Investment Council has reduced its surplus supply forecast by close to 50% for 2019 due to investment demand. Bear in mind that it is still in surplus, so I don't imagine that the bottom is in yet. Platinum outperforms gold in good times and bad. Since 2003 Platinum significantly out-performed gold...
Short Palladium @ 1,532; TP @ 1,400, SL your choice
Last post: June 17th 2019. See chart . Review: Price broke through the first resistance level. Update: Price is now approaching the next resistance level. Conclusion: If price breaks through resistance then we should see a resumption of the bull trend and plenty of trading opportunities. Any comments or questions, do not hesitate to leave them below. Give...
Palladium started its Downtrend after reaching the top of its Uptrend on June 20 @ 05:00. Now we are at our second lowest High peak of the descending channel with signs of continuous falling. Downtrend continuation will be confirmed when price falls below 1499.712 then solidifying the move once price falls below 1495.030. Both MACD and RSI show potential upside...
Short Palladium @ 1,500; TP @ 1,400, SL your choice
Last post: June 12th 2019. See chart . Review: Price bounced off support and found momentum to the upside. Update: Price is currently at resistance but struggling to get through so far. Conclusion: If price makes it through resistance then we should see further moves to the upside. Any comments or questions, do not hesitate to leave them below. Give us...
Looks like a stage 1 base is forming in platinum. Looking for a big move to the upside. Will be trading PPLT
Last post: April 30th 2019. See chart . Review: Price was stuck in the consolidation zone. Update: Price has found support and showing strength to the upside. Conclusion: As price is approaching resistance we may see a breakout followed by further bullish moves. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you...
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...
Gold continues in it's downtrend, as it currently completes a corrective structure towards the 1290 resistance level. I will be looking to short gold around the 1290 area if price action suggests so. Therefore, be on the lookout for bearish engulfing candles or any type of heavy selling close to the dynamic resistance (trendline). A possible target is the 1270...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Golden cross incoming. Amazing results & increase of revenue. Outlook very promising BoD massive skin in the game Palladium, Platinum & Gold mining operation. 1p-1.5p 1st target (Expect more in time as company ramps production) 50ma holding very well Just to become... the largest alluvial platinum globally (from RNS)! Nobody says that lightly!
palladium possible bottom? it had a great run and now its correcting. maybe its found a bottom and gonna go up a bit. Who knows.
The channel it's approaching has been pretty well respected. But, there is one swing low, and it's massively overbought on the 80 RSI. this is a chart i've only just started working on, so thoughts an ideas would be greatly appreciated. Happy Trading!
Last post: April 24th 2019. See chart . Review: Price was stuck in the consolidation zone. Update: Price broke out of the consolidation zone but found resistance at the 50 simple moving average. Conclusion: We need a breakout of consolidation before considering a trade in this commodity. Any comments or questions, do not hesitate to leave them below. Give...
Palladium started strong selloff while Platinum holds strong. PA:PL ratio was at historical highs. Platinum is holding strong and did make new highs when Palladium made lower high. COT is confirming reducing commertials positioning in Palladium