Palladium Palladium looks like its at the top of the triangle here ,
most probably start to come down from these all time highs , if not breakout is imminent
PALLADIUM trade ideas
UptrendIf palladium breaks above the 1185 level place buy @1186 then will proceed to 1200 then 1220...stop loss 1169.18
Palladium Still Growing StrongLast post: November 16th. See chart .
Review: Price was trading above the previous all-time high.
Update: Price is still above that all-time high and continues to look strong.
Conclusion: We need to see a breakout then we will look for long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
PALLADIUM (XPD/USD)We can expect to scearios to occur.
Scenario 1: The price can either go to the top of the uptrending big channel; and reject the resistance, bouncing back to the downside, or to breakthrough and continue with the bullish momentum.
Scenario 2: Price could either move downwards and break the resistance on the small channel, and continue going down, or reject the bottom resistance of that trendline and go up.
My bias is short as i expect the price to go up an fail to penetrate the resistance of the ascending big channel
XPDUSD Palladium heading upThe price bounced from 1138 and now is heading up. Before it retraces to the previous top level at 1185, it will re-test the 1170 level. 1200 will be on our radar in the mid-term. We need to take a potential rebound from 1170 into consideration.
PALLADIUM PULLBACK! Technical AnalysisPalladium is one of the hardest commodities to analyse in my opinion, however its been in a uptrend since it starts, i believe its created a pullback to shoot back up to create a new all time high
Palladium short (Scalp only)Looking to short the pullback here for Palladium. Bearish divergence on multiple timeframes, but we'll use a four hourly for simplicity. Looking for 1130 with a stop at 1190.
Palladium Outperforming Gold!This commodity is featuring for the first time on our TradingView blogs.
Current setup: Price is now above the previous all-time high from 2001 and looking strong.
Conclusion: We have to see if price can continue to make new all-time highs. We will look for long entries on the next breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
XPDUSD: 1D Channel Up. Long.As explained in a previous study, Palladium should be the winner of the next few months among top commodities. The reason that the current 1D Channel Up (RSI = 59.618, MACD = 11.640, Highs/Lows = 7.4335, B/BP = 20.3740) hasn't moved any higher is the general selling pressure on the metals sector during the last few weeks. This has the potential to cause another week of consolidation but then we expect a new Higher High at 1,180.
Is Palladium the new Gold?On this quick comparison we can see how Palladium has outperformed Gold since their recent lows. Although Gold has only managed to grow +7.16% from its recent August lows (1,160) and is way off its annual High (1,366), Palladium has gained +37.96% breaking at the same time its January annual high (1,139.60).
Taking into account the very long term bullish trend on the monthly chart (RSI = 67.636, MACD = 74.470, Highs/Lows = 62.5922 ) since the 252 low, where Palladium has increased its value by +155.43%, if the 50% Fibonacci retracement level on 1D (991.600) holds, then we can expect another +20% gains in the following months (target 1367). This is a good buy opportunity for long term investors.
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PA impulsing, correction might be nextPalladium was the strongest in the precious metals complex, the only one impulsing higher. However, the impulsive sequence seems over, and at least some pullback may be next.
GM and Palladium: Interesting chartWe have a sizeable spread in $GM vs $XPDUSD currently, and price is trending up strongly in daily and weekly $XPDUSD.
If price breaks into new highs here it could be flashing a strong signal for auto stocks, so I wouldn't be shocked to see $GM gain steam from there onwards.
I'm currently long $GM with 10% allocation and no stop loss, but also no leverage. Looking forward to see the outcome of earnings.
Cheers,
Ivan Labrie.
XPD/USDBroke major high. Pitchfork, seems to be at least starting an ending diagonal. look to break previous high.
Palladium Bearish Deep Crab Type 2 reaction Pattern Complete!This is a long term type 2 harmonic signal. our 38.2 Fib was hit and now the price is back to the pattern completion area. from here on we can likely expect the price to target the 61.8 fib retracement of the main swing. for the entry and exit criteria of the trade please refer to the main chart. you can take this trade short once the market opens.
CFD Palladium Pending Sell orderCFD Palladium Bearish Cypher Pattern
Potential sell Opportunity
Good luck!!!!
XPD/USD- TDI and WXY EducationNotice what price does in this corrective pattern every time the TDI indicator spikes and creates a "sharkfin" in oversold territory. See the daily divergence upon completion (even though this WXY did not measure out to equal length).
