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PALLADIUM (US$/OZ)PALLADIUM (US$/OZ)PALLADIUM (US$/OZ)

PALLADIUM (US$/OZ)

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PALLADIUM trade ideas

Palladium (XPDUSD): The end of its parabolic rise.Palladium has been rising non-stop for 4 years (since January 2016), a rise that after 2019 turned parabolic. This parabola has broken down this March as the pull back exceeded the 0.382 Fibonacci level that has been holding in the previous two cyclical pull backs (August 2018 and May 2019). The 1W chart is on a neutral state (RSI = 53.141, MACD = 105.160, ADX = 39.528) as it has recovered 50% of the March sell-off, however the danger is far from over. Until the 2,900 High breaks, Palladium (XPDUSD) will most likely remain under selling pressure and the Higher Low trend line (red line) which has been supporting the 4 year uptrend may be tested. This test involves the 1W MA200 (orange line) both of which (HL trend line and MA200) can 'meet' on the 0.618 Fibonacci retracement (of the whole 4 year move). This (0.618 Fib) is at 1,390. If that breaks to then the next Support and potential sell target will be on the 0.786 Fib at 980 where Palladium can again start looking like a strong investment. Keep in mind that we have been strong Palladium supporters for quite some time: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XPDUSDShort
by InvestingScope
3
XPDUSD | More DownsidePlease support this idea with LIKE if you find it useful. Price was rejected by Resistance Node (50 MA, Ichi Cloud and the Resistance Trendline of the Descending Channel). It's more likely to continue the decline and retest the 200 MA Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:XPDUSDShort
by Anpu
4
Palladium Rests Before It Makes Its Next MovePalladium trended really well from May 2019 to February 2020 and was set to reach the $3,000 round number but the current pandemic had other plans for the economy. We soon saw a sharp decline in price, falling 47% in under 3 weeks, wiping out 6 months of gains in a fraction of the time. We are now seeing a different kind of behaviour in this commodity and price has become unpredictable. This may be due to the fact that price may be entering consolidation following the strong bullish trend. During the trend, price used the 50sma as support to help it gain momentum to the upside, but now the 50sma has turned to resistance which may help to force price down. If we continue to see weakness then the next area of support is the $2,000 round number followed by the 200sma. Because we are seeing uncertainty in Palladium, the safest option is to wait for a break and close above the current all-time high at $2,875 followed by the $3,000 round number. While this commodity sets up for its next trend, which may take a while, we are focusing our attention on forex pairs that are trending and we are also potentially looking for shorting opportunities in the stock market. We will be looking at some shorting opportunities in our free Facebook group and we also cover this in our 4-Part series from the link below. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUM
by Sublime_Trading
4
The anatomy of an Asset bubble (PALLADIUM)As shown in the chart, ive been talking about a palladium bubble for a very long time now. Now we can see the result of investor greed and momentum investing gone sour. At section #1, the BIG parabolic move indicating we are close to the top. #2, the loss of momentum, smart money has sold into the strength, the new high is created by greedy investors. #3 A quick flash crash followed by a ''return to normal''. This final section were seeing now also reffered to as a ''bulltrap'' tends to fool many investors and for good reason, the volatility is astounding. Be careful has as the retrace is mostly over, get ready to continue shorting as another down leg (#4) is almost sure to ensue.
TVC:PALLADIUMShort
by MysteriousPersian