PALLADIUM DAILY BUY SET UPHi TRADERS this is my trade set up for PALLADIUM for the new week ahead
PALLADIUM I am expecting a break above the 22066.50 level , so I am only looking for a buy trade after this break out
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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XPDUSD trade ideas
XPDUSD Friday 21st Jan '22This is my play for the day., Palladium short term moving region for Friday 21st Jan '22
PALLADIUM (XPDUSD) Breakout !!PALLADIUM (XPDUSD) has given a breakout from falling trendline and is sustaining above it.
We are expecting bulls to continue their attack and break all minor resistance. A buy on dip stance should be adopted with calculated risk one can ride the uptrend.
Trade your levels accordingly.
XPDUSD Tuesday 18th Jan '22Due to the MLK holiday in US, yesterday we didn't saw much of a movement in the Palladium chart therefore we are about to stick with the same idea from 17th, a short movement up in attempt for a support growth around 1920 (sell) followed by immediate turndown looking towards 1821 (take profit)
Is palladium okay? PALLADIUM There has been a massive drop on palladium (at least on this ticker) showing a pullback to about $900.
XPDUSD forecast for 2022Palladium is so far the biggest looser since the COVID, all of the relevant factors kept it from recovery due to the lower demand in automotive industry which made palladium popular in first place. Considering the inflation and very uncertain demand I think palladium will once again test it's lowest support and then skyrocket towards $ 3K.
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
XPDNot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
At the end of the correction? It is quite possible that 2022 will be a special year for precious metals. But here first on a short distance, how the course could result.
Pall GeotimeWe have approx 10 year cycles
It's been in a bubble due to dieselgate etc
Green hydrogen is being set up around platinum
This will lose ground to platinum
It's a short in four figs for me
NOT TRADING ADVICE
Has Palladium Made A Bottom?This is unclear of yet but it's looking quite likely that a bottom may be in, Have spotted a few confluences to add more confirmation - time will tell.
PALLADIUMPalladium chart is a train wreck
I would be very surprised if it doesn't visit the corona lows
And even with a significant bounce it's likely to be in a bear market for sometime
NOT INVESTMENT ADVICE
Note- action-reaction chart in log
Also- smacks of a slowdown/demand-side problems in 2022
Palladium buy rangeSell now, buy later. Long range is 1400-1600. Palladium is still in correction. 22-23 sell range is 2800+.
Palladium Is Longing for RecoveryPalladium futures are falling for the eighth consecutive month from their peaks at $3019 per ounce in April-May this year. And there are a number of reasons for such a decline as palladium is used as an industrial metal for the production of car components that are used in high-ecological standard engines. However, the car production industry is suffering due to lagging demand and supply chain disruptions.
The other reason is persisting expectations about the faster tapering of the bond purchasing programs and interest rates hike by the Federal Reserve (Fed). The Omicron variant could also be considered as a bit of a worry amid fears of possible lockdowns and further drops in demand. Due to all these reasons, palladium plunged 44% from its May peak and continued on its downward spiral until mid-December, where its futures are traded around $1670 per ounce.
But nothing is over for palladium at the moment. If you look at the weekly or monthly chart of its price, you may find a “rising wedge” pattern that continues implementing itself and point to the $1360-1380 per ounce zone. So, we may consider buying operations only once the price will be near that level. Moreover, the minimums of March 2020 also point to this zone. Prices have been declining for a long time up until now and the asset is longing for an upside correction. The prices of futures may return to $2200 per ounce alongside the correction. However, any long-term bets would be certainly premature as the future green development of the global economy and car industry, in particular, is clouded. For a more accurate analysis, the pace of hybrid and electric vehicle construction should be considered.
According to Citigroup palladium prices may rise significantly along with the recovery in demand. The shortage of palladium is inevitable as the car industry recovers. But this forecast is likely to be moved further in time closer to 2023.
Fibonacci and clouds - the dream duoOne of my jobs as a technical analyst was to provide trading ideas. Sometimes this was intraday and sometimes these were longer term strategic positions.
When it comes to intraday entry points I like to use a couple of indicators at least to give me a potential entry point and for me, my dream duo is the Fibonacci retracement and the ichimoku cloud combo. I particularly like to use this on the one hour and 4 hourly chart.
The above 4 hourly chart on palladium is showing that the corrective move higher is about to run into the top of the cloud and the 38.2% retracement of the recent sell off at 1892. The combination of the two should act as decent resistance and we will be looking for signs of failure here.
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Palladium , some move up soon I am seeing this to retest the wave 4, from there we will see if it gonna be corrective or impulsive down
PalladiumTerribly bearish
Two targets one is that demand zone around 1500
But really that 1.618 zone looks juicy
Platinum is so much cheaper and having the green hydrogen industry set up around it
DISCLAIMER: Nothing here constitutes advice
Long term palladium buy opportunity We can potentially see an additional 10% drop but we’ll be buying at every bit of the dip. I believe this is a 1 in 5 year buying opportunity for palladium. Currently the recent Covid variant news is putting downwards pressure on this precious metal as its main driver of demand is through vehicle manufacturing but the suppression of price won’t happen for too much longer. Long term strategy play, a potential to test prior all time high within the next year. Let’s wait and see…enjoy the ride. ✌️
Good Buying opportunity In PalladiumPalladium trading at the bottom where the previous bull run started and is above the fib level of 0.23 which also the good support zone on daily TF.
1810 1821 and 1832 are the levels to watch any dip at those levels could be a good buying levels
