XPD blow off topNew ATHs with XPD look like a "blow off top". Monthly bearish divergence. Short here and check back in 6 months time. GL
PALLADIUM trade ideas
Good trendThis looks a little over extended but has had a nice bull run that maybe can still be of use.
Palladium set to fall Expecting price to retrace here to the 1x1, in this extended rise from palladium. Price has reacted from the 1656.50 level, which gives the short signal.
#palladium : rally continuepalladium rally should continue to new high next week, a bit dangerous to enter here
Palladium may have toppedFIb level + Elliot Wave + RSI divergence, Palladium may have topped, expecting a 2 week retracement
Gl u all
Not trading advice
palladium staging a breakoutgoing to make a run at 1700 which I think it will easily surpass. Will be gold for palladium mining stocks like PDL
Is Market ready for that SHORT?Posted some days ago that palladium may be ready to drop.
It is my opinion that we are indeed ready and a drop may have kicked in.
For observational purposes, trade at your own risk...
Check linked ideas for previous post on palladium.
Palladium Cup & Handle PatternLast post: See link below.
Review: Price was in a period of consolidation.
Update: Price has formed a cup & handle pattern in an uptrend which is a strong continuation pattern.
Conclusion: If we see a break and close of the all-time high then we should see another strong bullish trend emerge.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Palladium, where is entrance?Is Palladium now good for trading or is he a good investment?
There are many reasons to put some precious metals in an investment portfolio, as well as to trade them in a shorter time.
Speaking about Palladium it is anticipated that supplies will be tight in years ahead, while at the same time, growth in industrial usage is expected.
This tight supply and increased demand suggest stronger prices than alternative metals.
I prefer to hold metals in my investing portfolio. My investing portfolio has three pillars: Bullions, ETFs, REIT ( for more you can DM me)
In terms of trading, let see will the price break the blue line or not and then place the trade
PALLADIUM TREND WATCH (Visual)Market may be near reversing trend in my opinion.
Will keep an eye for when reversal has been confirmed & in action.
May take some time, so patience is key here as we may still see more upside beforehand.
Hence this is one market to watch closely for near future sell opportunity.
For observational purposes only, trade at your own risk.
Better view ...
#palladium : ready to break new high#palladium : ready to break new high : 2 top and fly 1650 1700 possible target
Palladium about to explode!Palladium price action about explode outwards and upwards from the multi-month pendant that's been formed. Fundamental short supply/healthy demand coupled with technical positive RSI divergence and strong pendant pattern indicates a strong move to somewhere between the 1.618 and 1.786 Fib levels.
Palladium Longretesting for 3rd time on the top of the wedge, negative momentum has been reduced on the weekly.
taking profits at 1700's on 1.272 fibo extension from 1616 high to 1270 low .
