If Palladium cannot hold $900 I am bearish longer term. Notice Weekly and Monthly candle close for better understanding. Use risk management when trading always.
PALLADIUM is in a strong uptrend on daily but it's reaching a potential topping level. I'm expecting a strong breakdown for this rising wedge.
It's an unusual trade. Everytime we open a trade we look at the bigger picture. In case of Palladium, it's already very high, close to highest price of history. So this is not a usual place to buy. But this is because it's not a usual place to buy that's we open a LONG. We have a breakout on daily, confirmed by 4H. We could see a retest of previous high around...
September Palladium is showing some signs of more upside in a turn around at 839.4 rejecting a fall to 820. Upside target is 878.05 if bulls can put Palladium above the 20 day moving average at 853.2. Looking for a double top outcome at 897.8.
Palladium reaches the former resistance at 830 USD. As long as price stay above 820 USD we have a good chance to reach 910-930 USD, the next resistance area. Palladium hat im Mai deutlich Gas gegeben und ist über das April-Hoch gestiegen. Der alte Widerstand ist nun Unterstützung. Solange das Edelmetall über 820 USD per Tagesschlusskurs bleibt, stehen die Chancen...
A great performance so far for Palladium; price momentum has slowed down around new tops and price twice found resistance at 891. Currently buying pressure building up again? Or, will we see a retracement back from here? Next Fibonacci target a long way away at 1038 (year end target?) - Platinum may have something to say about that! If price fails here, support at...
Here is just an idea for Palladium next month. It seems that Palladium tends to increase throughout the first half of the year. The trendlines I plotted are from back 2016 with focus view on this year. entry ~ 748; 738 tp: 850.21 sl: 733.75
When metals go down the fall toghether... Bearish signals on smaller timeframes but on the daily stochastic and rsi reach overbought...Time to short and buy back at $750..
XPDUSD's daily close yesterday has confirmed my trade analysis with the ascending channel of the metal commodity. With temporary supports just ahead, will this metal commodity continue its decline to the bottom of the ascending channel?
Whilst looking up at my trades -- and the technical outlooks -- of the market beforehand the NFP, several of them suggested a further decline on the Dollar. Meaning, bad NFP number; an increase on the annual wage growth would then be the only data that could save data. But no... NFP sealed the fate of Dollar. Beforehand the actual release of the data, I entered...
Entry plan is based on the palladium head and shoulder pattern . I'm waiting and watching for price action to signal a top near the dashed line (drawn from left shoulder's high). Ideally we get some deceleration with a doji candle followed by a high test candle to form the right shoulder and signal a reversal to the downside. The bull cycle counts are...
Palladium seems to be hinting at a high within the next few months which would form a right shoulder within this head and shoulder pattern. Checkout the full analysis: patstrades.com
June Palladium is still on the move upward. Now building out a Bearish Butterfly, but needs to break resistance at 808.35 and stay above this to gather more steam. Upside target for bulls is 831.95 and then 846.55. Downside target for bears is 784.75 outside trendline. A wedge is forming here suggesting an upside surge. Overall target is 869.90
Looking a bit high monthly, low rsi < 30 would be amazing :D
Palladium Trading around 795-796. If its hold above 785 which is strong support we can see it around 820 if hold on daily below 784 then it can go toward 765-768. till above 785 a jump is expected