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Palladium

Palladium in inverted head and shoulders.Palladium - 11h expiry - We look to Buy at 1822.3 (stop at 1798.9) A bullish reverse Head and Shoulders is forming. Bespoke support is located at 1820. We look to buy dips. The bullish engulfing candle on the daily chart is positive for sentiment. We look for a temporary move lower. Our profit targets will be 1879.8 and 1884.8 Resistance: 1880 / 1900 / 1920 Support: 1850 / 1830 / 1820 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDLong
by OANDA
Palladium: Bear market rally continuesThe daily palladium chart shows some interesting technical developments. On September 8, the price action saw a 4.5% daily gain, which broke both the 50-day and 200-day moving averages. Previously, the same breakouts also occurred on July 7 and 8, but in two separate sessions. With the September 6 lows, a short-term bullish channel may have formed, supporting the palladium bear market rally thesis. The area between $2,190 and 2,193 is where buyers are now encountering some sellers’ resistance. If this hurdle is broken, the next one is situated at $2,233 (15 August high), and after that $2,300 (11 August high). The MACD exhibited a bullish crossover at the zero line. On July 22, the same signal occurred, which then served as a driving force behind the rally to mid-August highs. Palladium is 37% lower than its March peak, indicating that the major trend remains bearish. To revert this trend, palladium prices must rise decisively above $2,612 (50% Fibonacci retracement of 2022 low-high). Idea written by Piero Cingari, forex and commodity analyst at Capital.com
TVC:PALLADIUM
by Capitalcom
1
PALLADIUM | A Highlight BriefThursday, 25 August 2022 13:33 PM (WIB) I want to analyze the movement of Palladium, regarding it still in the lowest price of $1.950 and the highest price at $2.300. Now the price moves at the middle lines of this ascending box. With several times move above the MA200 and vice versa. It seems the MA50 and MA200 in this chart did not work as well as the signal. So, I should be preparing to watch when it comes near the Support and Resistance area to trade in this Palladium.
CAPITALCOM:PALLADIUM
by RyodaBrainless
Gold Gearing Up for a Breakout?Gold is testing the low 1800's, breaking past 1800, but just barely. We are currently sitting at 1805 at the time of this writing. We appear to be forming a bull wedge pattern, potentially gearing up for a breakout. The Kovach OBV is still bullish, potentially indicating a bull divergence. If we are able to break out, then the next target is 1815, then 1826, then 1836, which coincides with the .786 Fibonacci level. If we retrace, we should have strong support around 1780, the 50% Fibonacci level.
COMEX:GC1!Long
by quantguy
Geopolitical Analysis : Wild Palladium Rally [Ukraine Crisis] A. Element 1. Palladium is a chemical element with the symbol Pd and atomic number 46. 2. It is a rare and lustrous silvery-white metal. 3. It is discovered in 1803 by the English chemist William Hyde Wollaston. B. Platinum group metals (PGMs) 1. Palladium, platinum, rhodium, ruthenium, iridium, and osmium form platinum group metals (PGMs). 2. They have similar chemical properties. 3. But, palladium has the lowest melting point and is the least dense of them. C. Application of palladium 1. Catalytic converters (convert as much as 90% of the harmful gases in automobile exhaust into harmless substances) 2. A key component of fuel cells in which hydrogen and oxygen react to produce electricity, heat, and water. 3. Dentistry 4. Medicine 5. Hydrogen purification 6. Chemical applications 7. Groundwater treatment 8. Jewelry 9. Electronics D. Occurrence 1. Russia - Norilsk Nickel: 39% of the world's production 2. South Africa 3. Canada 4. U.S E. Palladium producers 1. Norilsk Nickel (MCX: GMKN, LSE: MNOD), palladium powder, and ingots 2. North American Palladium (NYSE: PAL), Canada's largest producer of palladium operating the Lac des Iles palladium mine near Thunder Bay, Ontario. 3. Stillwater Mining (NYSE: SWC), a major North American palladium miner in Montana.
TVC:PALLADIUMEducation
by yaser_rahmati
Gold Caught Between Fibonacci LevelsGold has made another run for highs after finding support just below the 50% Fibonacci level at 1770 or so. We are currently contending with 1795, the level just below the 0.618 Fibonacci level. We are seeing strong resistance forming at these levels confirmed by multiple red triangles on the KRI. From below, we have strong support at 1770, confirmed by green triangles on the KRI. It is likely that gold will hold the range between 1770 and 1800, unless more momentum comes through. A breakout could take us through the vacuum zone above to 1815. If we break down, watch for support at 1758, the 0.382 Fibonacci level.
COMEX:GC1!
by quantguy
Joe Gun2Head Trade - Buying a dip on PalladiumTrade Idea: Buying Palladium Reasoning: Finding support at the 61.8% Fibonacci level Entry Level: 1939.95 Take Profit Level: 2080 Stop Loss: 1911.05 Risk/Reward: 4.86:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XPDUSDLong
by Signal_Centre
PALLADIUM Buy signal to the 1D MA50.Palladium (XPDUSD) has been trading within a Falling Wedge pattern since late March and below the 1D MA50 (blue trend-line) since April 21. With the 1D Death Cross having been formed (when the 1D MA50 crosses below the 1D MA200), the market seems to be pricing a bottom, rather than preparing for a deeper fall. This is similar to the late September - October 2021 Support formation, which gradually rose above the 1D MA50. As a result, with the 1D MACD also on a Bullish Cross, we are turning bullish on Palladium, aiming at the 1D MA50. Note that the ultimate long-term Support of the 1W MA300 is now above 1600. This is holding since January 03 2017. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
FX_IDC:XPDUSDLong
by TradingShot
1