It is no secret that Palladium is one of the biggest winner of the last 3 years. It's long term chart shows that there is even great upside potential. During 1996 - 2001 Palladium made a +879% rise before it consolidated for more than a decade.
Palladium investors eye a similar pattern. The strongest reason behind this is the Palladium-to-Gold ratio. In 2000/2001...
As the price breaks out of parabola with clear RSI divergence on the daily. this is expected to retrace anywhere between 40 and 80% of the 500$ move. Initial target 1360 over the next month.
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...
Palladium is already 3 years in huge uptrend and we didn´t see any correction down almost for 7 months. We can cleary see, that volume on sell was recently higher then buying volume so I think we will see double top and then we should AT LEAST test local support at 1270, but I think we could go much lower.
Palladium is mainly used in catalytic converters in...
You are probably asking what is palladium? It's an important rare earth metal used in electronics, catalytic converters, dental fillings and other industrial uses. Major mines located in US, South Africa, Russia and Canada.
Falls within the same metal family as Platinum.
Use cases:
Automotive - 53% (used in catalytic converters that makes car exhaust less...
the wave structure seems to have a had a blow off top forming and if so the the most need metal for industrial world is a signal of a coming deflation just ahead
