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.
XPDUSD TP: 2700 usd. Continued, the exchange rate has moved exponentially. Therefore, we will advance the rules of this. The exponential acceleration is created mathematically by adding the underlying ATR to the exchange rate acceleration. This creates a double acceleration that grows every day. How to trade this rule system. We need to look for a fractal. In our...
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.
1590~1600. the important price level that i will be looking at. 1] uptrend - bullish, above 200MA 2] 50% FR point 3] Previous highly important "top"/resistance turned support 4] will look for simple confirmation to get in i believe this is a very rigged market. do always place a stop loss and trade safely.
Stop @ 1430.00 happy trades and always protect your capital.
The Palladium Market project the value and sales volume of Palladium submarkets, with respect to key regions. This report presents the global “Palladium Market” size by value, production and consumption, splits the breakdown (Data status 2019 and forecast to 2025), by manufacturers, region, type and application. This study also explores the market status, market...
Currently trading at twice-ish of it's production cost. Bubble began due to demand outstripping supply but is being re-propped up by short covering. We're already starting to see it peal off the reestablished highs. As further production chases the 2x premium (cost of production $720 vs $1510.5 per Troy Ounce) and auto makers look for alternatives. Risk: A...
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...
Pall has seen a major bull run lately. Volume is declining. Divergence is forming but has bounced previously. I understand that scarcity of this metal but it needs a healthy pull back before continuing further. Additional real use and applications for this metal would help boost the next leg up.
PLG, They are poised to with the Waterberg Project Probable Reserve: 12.3 Million Ounce Palladium, Platinum, Gold and Rhodium, (4E)* This looks to be a muli year play. The price of palladium continues to rise and become more scarce. Link to Waterberg Project s1.q4cdn.com
Palladium OANDA:XPDUSD has been the talk of town the last few months, as it has surged in price almost 50%, and has only continued to become more valuable, bolstered by the Volkswagen emission scandal, and China’s new emissions regulations, which have affected how the country’s cars are made. All of this is really important as almost 80% of all palladium winds...
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
Looking at the wicks where price has on the daily chart, it looks as if price has rejected that point and wants to go down. However, decides to go up and break resistance, you should expect some kind of impulse.
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 $$$