PALLADIUM- Updated chart (Price at resistance)XPD/USD bears aim for 50-DMA during four-day downtrend
NEWS | 1/3/2022 5:34:27 AM GMT | By Anil Panchal
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Palladium stays pressured around intraday low, keeps pullback from five-month-old resistance line.
50-DMA, 23.6% Fibonacci retracement level limits immediate downside.
11-week-old horizontal line adds to the upside filters.
RSI retreat, failures to cross immediate hurdle signal for the downside.
Palladium (XPD/USD) fades bounce off intraday low, down 0.12% on a day around $1,919 during early Monday.
The precious metal rose to the highest since November 22 before stepping back from a five-month-long descending resistance line during the last week.
The pullback moves do gain support from the RSI retreat, which in turn directs the sellers towards a convergence of 50-DMA and 23.6% Fibonacci retracement of May-December south-run, near $1,885.
It’s worth noting that September’s low surrounding $1,849 may offer an intermediate halt during the quote’s downside past $1,885 before the bears can aim for the $1,800 threshold.
Meanwhile, recovery moves need to cross the stated resistance line, around $1,965 at the latest, to recall the buyers.
Even so, the $2,000 psychological magnet and tops marked during October-November, near $2,180, will be tough resistances to cross for the XPD/USD bulls before retaking the controls.
Our chart worked really well again. Take a look:
One Love,
the FXPROFESSOR
XPDUSD
PALLADIUM - XPDUSD BULLISH CONTINUATION ON THE CARDSPalladium - Monthly chart is making a come back after falling off the cliff in the past few months. The drop can be viewed as a much needed correction in the overall bullish trend in the metals market. Price action is telling me that palladium prices have found the floor and now price looks set to bounce back up to possibly new highs in the next coming months to years.
PALLADIUM Best long-term buy opportunity.Palladium (XPDUSD) has been trading within a Fibonacci Channel and is turning into one of the best long-term investments as the price is approaching the MA200 (orange trend-line) on the 1W time-frame. This level has been in support ever since XPD broke parabolically to the upside (January 2017). At the same time, it happens to be resting exactly at the bottom of the Channel (Fib 0). Another indicator in support of a rebound is the CCI which is the nearest it's been to the June 2015 Support level.
As you see on this long-term chart, the potential growth of Palladium is immense as a break above the May High can trigger a parabolic rally towards the 3.0 Fibonacci extension (that happened with Fib 1.0 to Fib 2.0 in 2020. We are adding Palladium to our long-term portfolio.
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XPD/USD 4h analysis possible buy Hello everyone , as we all know the market action discounts everything :)
The XPD/USD seem to continue its movement in an upward channel, there are 3 different scenarios that am seeing the right now :
1_The price will drop down to the old resistance line which is the support line now at 2712.474 and then bounce back up and maybe breaking the new resistance line at 2747.800 which if that happen thats a great bullish mark , where we could use it to trade breakouts.
if you dont know what is a breakout then watch this
2_The price would continue the bullish movement and reaching the resistance line at 2747.800 and breaking out which could be a great buy opportunity
3_The price will reached the support line at 2712.474 and if the price breakout that support line it would be a confirmation that the price will drop down and it a possible sell signal
Using different indicators showing that the market is bullish so scenarios 1 or 2 is more possible then the 3 :
1_The market price is moving above the MA and EMA (bullish sign)
2_The RSI is at 64,99 showing strength is the market and could be reaching overbought zone at 70 (bullish sign)
3_The MACD seems to be gaining more momentum with the trend going through a positive crossover for now (bullish sign)
Support & Resistance points :
support Resistance
1_ 2719.46 1_2738.34
2_ 2710.04 2_2747.80
3_ 2700.58 3_2757.22
Fundamental point of view :
One-month risk reversal on Palladium (XPD/USD), a measure of the spread between call and put prices, not only snaps a two-day uptrend but also marks the heaviest fall since last Thursday, according to data source Reuters.
A call option gives the holder the right but not obligation to buy the underlying asset at a predetermined price on or before a specific date. A put option represents a right to sell. That said, the daily difference between them slumps to -0.012 by the end of Wednesday’s trading session, per Reuters.
The moves could be linked to the XPD/USD price performance that prints a three-day uptrend of around $2,650 by the press time of early Thursday.
As the options market signal favors the palladium bears, sluggish momentum amid the pre-ECB caution and a light calendar tests the commodity traders. according to fxstreet
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This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!!
Thank you for reading.
PALLADIUM Excellent long-term buy opportunityPattern: Channel Up on 1D.
Signal: Buy as the price is rebounding after hitting the 1D MA200 (orange trend-line) and the 1 year RSI Support. You can wait for the MACD Bullish Cross to confirm that.
Target: 2950 (top/ Higher High of the Channel Up) and 3300 in extension (1.5 Fibonacci extension as with previous Highs).
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PALLADIUM Trade based on the 4H MA200 and the 1D MA200Pattern: Channel Up on 1D.
Signal: As long as the 4H MA200 (yellow trend-line) supports, buy the dips. If it breaks potential prolonged sideways action until the 1D MA200 (orange trend-line) approaches.
Target: Trade within the patterns that will be formed.
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50-80% ROI since March Lows for these MetalsTake a look at this comparison chart and see the ROI for these few important Metals performance.
The best is COPPER and the worst is Platinum since the March Low.
I am investing for the long term and will wait for healthy correction to add more long positions. And I have reiterated the volatility of this PM and personally, I do not take a large positions in each of these PMs.
I am often asked how to diversify your portfolio ? The answer is pretty straight forward. It depends on the size of your capital. If you are starting out with a small capital of say 5 to 10,000, then I would say 50% in SPX500 and the rest in growth stocks.
If you have 100,000 to 500,000 then it becomes easier to allocate a certain % of your capital to other assets class like PMs. And even then, start with 1 or 2 before adding as this over-concentration can cause some traders/investors sleepless nights like the recent March crash. Imagine you have all 5 of these PMs, a 10% fall in 1 metal is amplified by 5 times if you purchased all though the reverse is true as well.
So, how much risks you can stomach has also to do with your capital base and your personality, imo.
Also, there are many complicated instruments out there being promoted by various brokers like DLCs, leveraged ETFs, options, etc. Personally, I do not have expertise in these instruments and would not comment if it is worthwhile.
Just managing my own portfolio across commodities, stocks, futures, ETFs, currencies IS MORE THAN ENOUGH for me to handle. Then again, to each his own. If you have the bandwidth and knowledge , it is OK to expand your investment reach into these new products. But always start small and gradually inch in as you gain more confidence.
XPDUSD, Aroon Indicator entered an Uptrend on Oct 19, 2020Over the last three days, Tickeron A.I.dvisor has detected that XPDUSD's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron A.I.dvisor backtested this indicator and found 106 similar cases, 95 of which were successful. Based on this data, the odds of success are 90%. Current price 2347.92 is above 2322.75 the highest resistance line found by Tickeron A.I. Throughout the month of 09/23/20 - 10/23/20, the price experienced a +7% Uptrend. During the week of 10/16/20 - 10/23/20, the FOREX enjoyed a +0.97% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 23, 2020. You may want to consider a long position or call options on XPDUSD as a result. Tickeron A.I. detected that in 25 of 27 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 90%.
The Moving Average Convergence Divergence (MACD) for XPDUSD just turned positive on October 21, 2020. Looking at past instances where XPDUSD's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 18 of 19 cases over the following month. The odds of a continued upward trend are 90%.
Following a +2.74% 3-day Advance, the price is estimated to grow further. Considering data from situations where XPDUSD advanced for three days, in 90 of 96 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 98 of 106 cases where XPDUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
XPD gained +5.88% relative to the USD last weekCurrent price 2329.50 is above 2287.99 the highest resistance line found by Tickeron A.I. Throughout the month of 08/17/20 - 09/16/20, the price experienced a +10% Uptrend. During the week of 09/09/20 - 09/16/20, the FOREX enjoyed a +6% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on August 31, 2020. You may want to consider a long position or call options on XPDUSD as a result. Tickeron A.I. shows that in 17 of 20 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 85%.
Following a +4.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where XPDUSD advanced for three days, in 80 of 86 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. shows that in 92 of 103 cases where XPDUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 89%.