XPDNot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Palladium
PLG 500% rise ahead. PLG 500% rise ahead. PLG is a Canadian-based palladium and platinum mining company. The company owns one of the world's largest palladium deposits in South Africa. This palladium deposit is located in Waterberg County. It is located close to the surface and can therefore be mined at low cost. PLG's subsidiary PTM holds all the mining licences from the South African authorities. The mine was temporarily blocked by some environmental NGOs, but the objections have now been resolved. Construction of the mine could start soon. The Russian-Ukrainian war, which has caused the loss of nearly 30% of the world's palladium production, has become a pressing issue. Another factor that often causes concern is that starting a mine is expensive, so mining companies raise money by issuing shares at the start. As this means share dilution, initial share investors are hurt. They therefore avoid investing in the company. It was interesting to see that PLG has gone down a similar path, but a few months ago it was seen that it intends to raise external investors to cover the costs of building the mine, rather than share dilutions. The interest is significant. At a mining conference in Cape Town, South Africa, on 6 May 2022, the Japanese National Oil, Gas and Metals Corporation (JOGMEC) signed a sponsorship agreement with PLG's South African subsidiary (PTM), committing to advance the Waterberg Palladium mine project. www.meti.go.jp
Let's move on to the technical picture. The chart in the analysis shows a double fractal sequence. The green squares show the rising fractal sequences and the yellow squares show the corrective fractal sequences. Fractals are wave sequences with the same shape and percentage size. This is what we see in this case. Since the shape and percentage size of the corrective fractals are the same, we can assume that the rising fractal sequences will also be the same in shape and percentage size. This now means that we expect a rising fractal with a size more than twice the size of the previous rising fractal. In other words, the current exchange rate is on the verge of a near 500% rise. The target price for this is : 13.14 usd.
PALLADIUM update - 17/05/2022wave (2) in it's last stage, expecting wave (2) to end at 1831 (0.786 of wave (1)), critical support at 1543.
PA Waiting for good short. Palladium is weak. SHORT 2017 !Likes and subscription!
Thank you so much!
SHORT from 2017
Target 1824.
Have a nice profit!
PALLADIUM SellWe are creating a Bear Flag on 1h and 4h, we can see a resume of down move on Palladium, and targeting a down move.
PALLADIUM - BULLISH ACCUMULATION ARCHello :)
We have 9H bullish accumulation chart of Palladium.
Targets on the move up are $2957.50 & $3433.
TA on 5h chart also gives us bullish signs
Keep it simple guys!
Until the next one
AUMN - The Best 3-Year Setup I've Ever SeenIMO, Golden Minerals, AUMN , has arguably one of the best and most bullish setups I have ever come across. It will be fun watching this one play out. Amazing risk/reward play with easy invalidation levels as well to protect yourself in this trade.
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
Platinum is out-performing silversince Sept lows, platinum has taken the helm from silver as the most volatile precious metal, with bigger upsides, and bigger downsides.
Palladium Futures (PA1! ), H1 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 2418.5
Pivot: 2377.0
Support: 2305.0
Preferred case: We see the potential for a bearish continuation from our pivot level at 2377.0 along with horizontal overlap resistance towards our 1st support level at 2305.0 in line with 161.8% Fibonacci extension, 78.6% Fibonacci projection and -27.2% Fibonacci expansion.
Alternative scenario: Alternatively, the price might break our pivot structure and head for 1st resistance level at 2418.5 in line with the 78.6% Fibonacci projection.
Fundamentals: No major news.
Palladium Futures (PA1! ), H1 Potential for Bearish DipType : Bearish Dip
Resistance: 2421.0
Pivot: 2396.0
Support : 2302.0
Preferred case: We see the potential for a bearish dip from our pivot level at 2396.0 in line with 127.2% Fibonacci extension towards our 1st support level at 2302.0 in line with 61.8% Fibonacci projection.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 2421.0 in line with 161.8% Fibonacci extension.
Fundamentals: No major news
Palladium Futures (PA1! ), H1 Potential for Bearish DipType : Bearish Reversal
Resistance: 2461.5
Pivot: 2396.0
Support : 2303.0
Preferred case: We see the potential for a bearish dip from our pivot at 2396.0 in line with 78.6% Fibonacci projection towards our 1st support at 2303.0 in line with 61.8% Fibonacci retracement, 100% Fibonacci projection and 161.8% Fibonacci extension. Our bearish bias is supported by price trading under Ichimoku cloud indicator.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 2461.5 in line with 61.8% Fibonacci retracement.
Fundamentals: No major news
PALLADIUM - Long PositionTechnical point of view palladium find again a good support level around 2200 level. Looking forward breaking above 2500 will show strong reversal pattern.
Elliott Wave Analysis: Palladium With Bearish Setup FormationHello traders!
Today we will talk about Palladium, its price action from technical point of view and wave structure from Elliott wave perspective.
On Palladium we have noticed the top for wave (V) at the beginning of March and in Elliott wave theory, after every five waves we have to expect at least a three-wave A-B-C pullback.
As you can see, Palladium turned down sharply and impulsively in March, which we see it barely as a first leg (A). After a completed wave (A), we can now see it trading in an A-B-C corrective recovery within wave (B), where ideal resistance is here at the former wave 4. So, from Elliott wave perspective, we have just got a nice bearish setup formation and we have to be aware of another sell-off for wave (C) soon.
From technical point of view we see nice resistance here around 2500-2600 area and channel upper line, maybe even up to 50%-61,8% Fibonacci retracement and 2700-2800 area, but keep in mind that a reversal down towards projected strong 1500-1300 support zone may occur anytime soon.
Trade well!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
PALLADIUM - Short PositionRecovery move on PALLADIUM faded after price broke above the 2,225 price zone. The 2,300 area turned out to be too tough for bulls to break and price pulled back to the aforementioned 2,225 price zone.
Palladium update - 03/04/2022still no clue that wave (2) ended, the broke above the parallel corrective channel and the key level 2337 will confirm that the bottom is placed and wave (2) in it's early stage.
only the keen eye can spot itHeck, even a two year old can see it.
Palladium and platinum are THE investment of the decade IMO. Followed by silver/copper/gold in that order.
PALLADIUM RALLY EXPECTEDAfter dipping 4.6% at two-moth low on Tuesday (29.03.22), to 2032.97, Palladium rose another 4.4% on Wednesday(30.03.22), when the pessimism regarding the peace talks between Ukraine and Russia increased. Russia is the biggest exporter of palladium, responsible for 40% of its global supply. Increased economic sanctions on Russia will deepen the scarcity of the metal on the global market.
If the bullish move continues, the price most likely will test its 20 SMA and its previous resistance at 2600. If not, it will probably attack its low from Tuesday at 2032.97,in any eventual progress of the peace talk between Ukraine and Russia. MACD's histogram is entering bullish territory as well, but the two moving averages of the indicator have not crossed yet. RSI is also currently indecisive.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XPDUSD LONG - Buy Entry - D1 ChartXPDUSD LONG - Buy Entry - D1 Chart - Palladium
Buy @ Market
Symbol: XPDUSD - Palladium
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 3179.58
TP - BE - Resistance @ 2704.59
Support @ 2443.23
W1 Support @ 2300.05
PP Y1 - Pivot Point Yearly @ 2141.43
✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍
✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬
✅ Wishing you enjoyable successful trading 🙏
+1PALLADIUM@2412 - OPEN LONG - Target: $3,600 (+50%)Might be a good entry.. looking for at least $3,600 before the current diversion is exhausted
The only reason I prefer silver & gold over palladium and other exclusive metals is that it's one step more difficult to assay and physically trade in general.
You can assay gold or silver using only fire and bone ash, but it gets a bit more cumbersome to test palladium, which eventually makes it a bad apocalypse coin.
Also, the margin for the physical market is really huge, at least from my experience in Egypt's market. No matter how far you refine your palladium it's going to be sold maximum at only 40-50% of the screen value.
However, the demand for palladium doesn't seem to be ending soon, although a very small number of people deal it, you can see them sniffing all around the gold alley in Khan el Khalili sneaking outside dealerships looking for any traces of palladium in cast silver bars being sold.
It can have all sorts of chemical, medical, and industrial applications but locally I've seen workshops use it frequently as a supplement for rhodium which became a nonexistent ATM..
Palladium Fakeout!There is plenty of volatility in the markets due to current events happening around
the world right now and Palladium is an example of this.
An all-time high was created in May 2021 at $3017. Price then went into consolidation
using the weekly 200 simple moving average as support.
From there, we have seen a gradual increase in price, and by the end of February,
price was just $7 shy of the all-time high.
The second week of March saw the breakout we were all anticipating, but this was
short-lived as price has now retreated back into the consolidation zone.
This is the very reason why we wait for confirmation following a breakout before
jumping into positions after a long period of consolidation. This is something we
make our members aware of.
Many traders and investors would have taken a position in Palladium as soon as it
broke out but we understand that when price consolidates for a lengthy period of
time, it could form a fake breakout.
We will continue to stand aside until our confirmation is met and preserve our
capital in the meantime so that we can use it for high-probability opportunities.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Gold Attempts Record High!Gold had an attempt at the August 2020 all-time high at $2075 this month but has
come short of even breaking through this level.
Price was only $5 away from having a shot at creating a new record high, but the
sellers came in strong to ensure that never happened.
What does this mean for price now? Since there has been some short-term weakness,
we want to identify areas of support that price may come to. This support could act
as a springboard that helps to push price back towards this all-time high resistance level.
Price is now trading below the $2000 round number, so the next level of support based
on this timeframe is the previous all-time high from September 2011 at $1920.
There is another level just before that, which is also classified as a strong level of support,
and that is last year’s high at $1959.
We will have to keep an eye on Gold because if there is a breakout, we could be in store
for a long-term trend lasting several years.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
$PLG - ANOTHER ONE READY TO BLOWPLG is another name in a long list of stocks that look ready to run lately for geopolitical reasons.
Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Western Bushveld complex, South Africa. It also develops next-generation battery technology using platinum and palladium. Platinum Group Metals Ltd. was incorporated in 2000 and is headquartered in Vancouver, Canada.
