Last post: November 30th 2018. See chart .
Review: Price was trending well and making new all-time highs.
Update: Price continues to create new all-time highs but is currently in a period of mini consolidation.
Conclusion: We will look to enter more compounds on the next breakout.
Any comments or questions, do not hesitate to leave them below. Give us the...
Palladium looks to be in a wave 3 zone currently. There is a lot of momentum in this chart currently so it could dip down fast and test close to top of wave 1 area which could be a good buy zone.
No. TO THE MOON!
Thank you for your time, goodbye.
But seriously, we have being going up for a while now, I think mainly due to supply issues, and after palladium became more expensive than gold, it has started to go parabolic.
We are pulling back now, right at that price that was gold complacency support.
I believe either the bubble will pop, or we are going to...
This noble metal has been stealing the show of its bigger brothers and sisters ever since the risk growth of a market correction started showing at the end of 2018.
Market makers keep playing range-bound cat & mouse with smaller investors still stuck on the "use gold to hedge" multi millennium motto while less popular markets sneak by
However, after a strong...
AMEX:SPPP gave me a scare this week when the stock plummetted, but it seems it will likely make a full recovery and continue its bull run, at least in the short term.
The price of palladium and platinum are based on two things: supply & demand. However, it is more complicated than that. There is also market speculation on supply and demand which is often seen...
Take a look at this chart showing how the safe-haven metal platinum has been underperforming and is now at major support.
I expect money to flow out of the leader palladium and into platinum over the next few months.
See Palladium chart:
Take a look at the chart. Price is forming another blow-off top pattern and reaching its Fibonacci price target. Expect money to flow out of this, and into Platinum for a few months.
See Platinum Chart:
Trading Indicator: Ichimoku Cloud
Resistance: $1560
Support: $1100 - $979 (618 to 786 Fib retracement). This is also confirmed by the Senkou A & B of cloud.
Momentum: Stochastic and RSI heavily overbought. A steep profit taking pullback would not be surprising.
Trade Setup: Wait for a pullback in Palladium before initiating fresh buys. We are in...
These charts deserve a closer look. :)
Platinum / Palladium ratio just touched an all time low. You can see the explosive move up, following the last time the price ratio of these two metals touched this level.
Considering the platinum chart on its own... Price recently found support from a ten year old support level... $750. Since then price has mostly...
XPDUSD is trading on a long term 1W Channel Up that has reached overbought levels (RSI = 83.871, STOCHRSI = 100.000, ADX = 94.173, Williams = -4.387). If the 1D RSI hits 79.00 - 80.00, we will go short with TP = 1,448.
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Palladium is flirting with 1500, all time high. While demand for catalytic converter is increasing, supply deficit of Palladium increasing helping rally since many months. 4 hourly chart shows clear negative divergence providing a short opportunity. 1450 remain near term target.
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