I expect further growth in palladium. I believe we're only at the beginning of the move. The target is 1045.
The chart supports a bullish view.
The price is lagging behind platinum (currently, they often trade at parity). Of course, this isn’t a guarantee, since either platinum could drop or palladium could rise. But considering other factors, I see a higher probability of upside for palladium.
The overall market sentiment is positive for industrial metals. Trade agreements are being signed, and wars are de-escalating.
I believe this could be a very favorable time for copper, silver, platinum, and palladium.
💼Other positions:
Silver – holding
Bitcoin – holding
Others – closed
The chart supports a bullish view.
The price is lagging behind platinum (currently, they often trade at parity). Of course, this isn’t a guarantee, since either platinum could drop or palladium could rise. But considering other factors, I see a higher probability of upside for palladium.
The overall market sentiment is positive for industrial metals. Trade agreements are being signed, and wars are de-escalating.
I believe this could be a very favorable time for copper, silver, platinum, and palladium.
💼Other positions:
Silver – holding
Bitcoin – holding
Others – closed
Note
The expected move didn’t happen — I got stopped out. Right now, I don’t see any valid reasons to enter a long position, and selling makes even less sense.
Patience is key — I'm waiting for a clear setup before taking any further action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.