Palladium break triangle. Next stop about 1500-1600 USD, in high level support?
Possible falling wedge on XPDUSD Included a critical point which is adjacent to Fibonacci spiral Buy on breakout of wedge at critical point or earlier.
Not a lot specific believe or view behind this post, apart from technicals. Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news. We...
Not a lot specific believe or view behind this post, apart from technicals. Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news. We...
Sticking to 200MA, short term buy opportunity
Trading in middle of 1 - 1/2 Gann structure, a bullish scythe can be observed however it doesn't look that strong, do divergences continue through price lines? just curious. Clear fractal can be observed with these bearish divergences. Best to go long in this scenario, major precious metals will see large increases with global uncertainty rising.
Palladium has formed a bullflag on the 4H chart, this is looking to extend the current bull run that has produced large returns.
As 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....
Looking 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 has made a strong bullish move in recent months. This may be due to global uncertainty. Palladium is near the top of the rising trend that has formed.
Palladium seems overbought , expecting a deep correction soon.
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...
Palladium is one of the hardest commodities to analyse in my opinion, however its been in a uptrend since it starts, i believe its created a pullback to shoot back up to create a new all time high
As explained in a previous study, Palladium should be the winner of the next few months among top commodities. The reason that the current 1D Channel Up (RSI = 59.618, MACD = 11.640, Highs/Lows = 7.4335, B/BP = 20.3740) hasn't moved any higher is the general selling pressure on the metals sector during the last few weeks. This has the potential to cause another...
Palladium is in my opinion in a broad correction wave, within which it should now come to a price increase to $ / oz 1.030. There, in the favored scenario, the wave B could end and within the framework of the wave C with new lows up to $ / oz. 870. Alternatively, a (a) (b) (c) (d) (e) formation forms before the wave C starts. A bullish scenario will only start at...
Buying opportunity trend continuation + H&S pattern 100MA support above 20MA RSI oversold with bulls having control RSI bouncing from 50. Bullish on commodities especially this bullish trend if you can hop and buy the dips will be very profitable. 3 opened positions 3 targets. Good RRR on all of them. Good Luck $$$
Palladium is from the Platinum family of metals and has a lower melting point. It is used as a catalyst converter (Fancy for: used to make one chemical into another bu using the Palladium as a catalyst. Over half the global supply of Palladium is used for this purpose. Will we see a strengthening of emissions rules on Commodities? Probably not. Given the high...