Palladium is starting to pique my interest. After retreating from as high as $3000 at the peak in April 21' - the commodity is now down 65% and reaching interesting long term levels. Firstly the current level at approximately $1025 is where palladium peaked as far as back in January 01' - almost 22 years ago. If this becomes a point of polarity, the previous...
Palladium (XPDUSD) has been trading within a Channel Down pattern since late June and on Monday the price hit its bottom (Lower Lows trend-line). As the 1D RSI touched the 30.00 oversold barrier on a Lower Lows formation that has previously formed short-term bottoms for Palladium, we expect a rebound towards the 1D MA50 (blue trend-line). The lowest rebound...
Hello everyone,
How Rare is Palladium?
Palladium is considered a relatively rare precious metal. It is rarer than well-known precious metals like gold and silver and it seems like a very interesting opportunity at the moment to me.
There is lot of bullish signs I can see.
First of all It seems like it is in nice falling wedge pattern and finishing A-B-C-D-E...
Palladium has reached support and reversed at the intersection of the long term trend line and the 0.886 fib retrace. This is a tight market with a historical large amount of short positiosns so could experience a significant short covering rally.
Palladium - 24h expiry
The primary trend remains bearish.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
Rallies should be capped by yesterday's high.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is...
Palladium has been trading relatively sideways as its inside a low slope Channel Down pattern since June 27th. There is no surprise that the 1D technical outlook is neutral (RSI = 54.874, MACD = -7.340, ADX = 26.821). Consequently you can scalp the Channel's range on the short-term on trade the direction of the breakout on the longer one.
If the price delivers a...
HI my friends again i am back to you....these two major trend line in PALLADIUM chart are catching my eyes .....that is my buy level .....
Gooooood Luuuuuuck
Hello Traders Investors And Community, welcome to this analysis where we are going to look at palladium, its price-action, and what we can expect from the future hours and days. It is one of the important metals and therefore a demanded exchange good in today's global economy. In my observations, I found some important and significant signs which will affect the...
🔍Technical Analysis:
Chuvashov's Fork Breakout: We are soon gonna witnessing a clear breakout from the Chuvashov's Fork pattern. For those unfamiliar with this pattern, it is a bullish reversal signal, and the current breakout could serve as a strong indication that the tide is turning in favor of the bulls.
Bullish Divergence - RSI and Price: Both the daily and...
It's been a while. I never stopped trading, but I did stop posting.
Let's share some ideas again!
I'm patiently waiting for a long entry in TVC:PALLADIUM
Palladium weekly chart
MACD:
The macd crossover indicates an upward correction in a downtrend.
The positive divergence indicates a possible trend reversal
Confirmation after crossing 0-level.
...
Palladium price, after also breaking a couple of key levels to the downside, has seemingly formed a base around 1220. It could still overshoot and test support lower down at around 1143. The bullish case needs to see price action break above resistance at 1350 in which case it could target around 1550 initially.
The noble metal of Palladium has undergone a robust correction of fifty percent since the waning days of March in the year 2022. This fortuitous circumstance has begotten a plethora of reasons for one to adopt a bullish outlook. They include..
1) Price action and RSI resistance breakouts.
2) Bullish divergence. Six oscillators now print positive divergence with...
Whenever something goes unnoticed for too long, it's usually a good opportunity...
In this case it would not be so unfounded, because however you spin it, you need the real cars at some point, there is no way around it.
The green trend line would be the optimal recovery point but the dashed line below is also suitable.
Bars pattern showing my thinking of how price will act.
The green line is a strong trend line.
A price action below 1220 supports a bearish trend direction.
Further bearish confirmation for a break below 1200.
The target price is set at 1110.
The stop-loss price is set at 1310.
The start of downside price momentum (see the lower panel) remains a concern for further downside.
