After successfully reaching our previous profit target for Palladium, we are now on the lookout for a new potential demand zone for this precious metal. Based on current market trends and historical data, the price of Palladium may drop to the $900 level, which could serve as a critical support area and trigger a reversal. This anticipated reversal aligns with the...
This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful...
XPDUSD - 24h expiry Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. There is no clear indication that the downward move is coming to an end. Our short term bias remains negative. Preferred trade is to sell into rallies. 20 4hour EMA is at 946. Risk/Reward would be poor to call...
Palladium - 24h expiry Selling was posted yesterday but levels close to bespoke support of 1000 have found buyers. 1000.2 has been pivotal. We look to buy dips. Daily signals are mildly bullish. The bullish engulfing candle on the 4 hour chart the positive for sentiment. We look to Buy at 1005.5 (stop at 985.5) Our profit targets will be 1055.5 and 1065.5...
Palladium - 24h expiry Yesterday's Marabuzo is located at 973. Our short term bias remains positive. We look for gains to be extended today. Preferred trade is to buy on dips. With signals for sentiment at oversold extremes, the dip could not be extended. We look to Buy at 973.5 (stop at 953.5) Our profit targets will be 1023.5 and 1033.5 Resistance:...
/Palladium is the best commodity in town, in an ever rising trend since inception and with another 8/10 years to go...
Palladium is one of the most clearly bullish commods in a secular bull market... could see around 1k if current support goes (which seems likely at the moment)...
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...
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...
Palladium (XPDUSD) has been trading inside a Channel Down for almost a year. The price ic currently near the top (Lower Highs trend-line) of the Channel Down, just below the 1D MA50 (blue trend-line), which is intact since May 23. The 1D RSI action shows that we are potentially in a similar spot as December 27 2022, when a deep Lower Low sequence started. As long...
Palladium - 24h expiry Broken out of the channel formation to the upside. We look for a temporary move higher. The primary trend remains bearish. 50 1day EMA is at 1340. Preferred trade is to sell into rallies. We look to Sell at 1339.8 (stop at 1363.8) Our profit targets will be 1279.8 and 1269.8 Resistance: 1322 / 1340 / 1360 Support: 1302 / 1290 /...
Palladium - 24h expiry We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. The current move lower is expected to continue. Trading within a Bearish Channel formation. Trend line resistance is located at 1248. The sequence for trading is lower lows and highs. We look to Sell at 1249.4 (stop at...
Palladium - 24h expiry A bullish reverse Head and Shoulders has formed. Bespoke support is located at 1355. We look to buy dips. With signals for sentiment at oversold extremes, the dip could not be extended. Offers ample risk/reward to buy at the market. We look to Buy at 1350.1 (stop at 1326.1) Our profit targets will be 1410.1 and 1420.1 Resistance:...
Palladium - Intraday The primary trend remains bearish. Preferred trade is to sell into rallies. 20 1day EMA is at 1397. Trading has been mixed and volatile. Daily signals for sentiment are at oversold extremes. We look to Sell at 1397.8 (stop at 1421.8) Our profit targets will be 1337.8 and 1327.8 Resistance: 1400 / 1415 / 1430 Support: 1380 / 1360 /...
Palladium - 24h expiry There is no indication that the selloff is coming to an end. We look for losses to be extended today. Short-term oscillators have turned negative. Expect trading to remain mixed and volatile. The primary trend remains bearish. We look to Sell a break of 1501.8 (stop at 1525.8) Our profit targets will be 1441.8 and 1431.8...
Palladium - 24h expiry - The primary trend remains bearish. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action has posted a Doji candle and signals a possible reversal of the recent trend. The bias is to break to the downside. Our outlook is bearish. We look to Sell a break of 1572.9 (stop at...
Palladium - 24h expiry - Offers ample risk/reward to buy at the market. We are trading at oversold extremes. Trend line support is located at 1420. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look for a temporary move lower. We look to Buy at 1421.2 (stop at 1397.1) Our profit targets will be...