PALLADIUMHI my friends again i am back to you....these two major trend line in PALLADIUM chart are catching my eyes .....that is my buy level .....
Gooooood Luuuuuuck
XPDUSD trade ideas
PALLADIUM, Trading Near A-T-H, Targets Ahead When Confirmed! Hello Traders Investors And Community, welcome to this analysis where we are going to look at palladium, its price-action, and what we can expect from the future hours and days. It is one of the important metals and therefore a demanded exchange good in today's global economy. In my observations, I found some important and significant signs which will affect the price further and determine its outcome, therefore we are looking on the locally 4-hour timeframe.
As you can see in my chart palladium currently trades in a huge triangle which you can see marked in blue in my chart in which we have good bullish volatility and support at the moment which indicates a highly possible breakout to the upside as you can see the arrows marked in my chart. At the moment the bullish scenario is more likely because we have strong support in the range and has some good bullish volume but also we are still trading in a big correction that isn't completed yet.
After the triangle has confirmed properly we can expect palladium to test its higher levels, firstly it will be the middle line of the channel as you can see it in my chart when the price and trend stay stable in this region we can expect palladium to move higher at least testing the higher boundary of the uptrend channel and the all-time-high, as you can see the all-time-high is just slightly below the overall triangle target when this target is finally reached it can provide a new all-time-high which will be extremely bullish and can catapult palladium to next highs.
Remember that this scenario has to be confirmed properly, first we have to break the upper boundary with good volatility and close above the 600 and 800-EMA which you can see marked in my chart in light and dark blue. To wait on the right confirmation is the best option wise traders can do in today's market environment, otherwise, trading half-cooked and speculative setups can lead to unsatisfying results therefore it is important to always look and trade the best possible setups which today's market environment can provide to us.
Thanks to everybody for watching, support for more market insight, and all the best!
The ambition to transform opportunity into gold remains the most significant tool for a trader.
In this manner: FAREWELL
Information provided is only educational and should not be used to take action in the markets.
🚀Palladium Primed for Explosive Move! Bullish Confluence Signal🔍Technical Analysis:
Chuvashov's Fork Breakout: We are soon gonna witnessing a clear breakout from the Chuvashov's Fork pattern. For those unfamiliar with this pattern, it is a bullish reversal signal, and the current breakout could serve as a strong indication that the tide is turning in favor of the bulls.
Bullish Divergence - RSI and Price: Both the daily and weekly timeframes are showing a bullish divergence between price and RSI. Historically, this has often been a precursor to significant price rallies.
Oversold Territory: After a 66% decline from its highs, Palladium is deep into oversold territory. From a contrarian standpoint, this could indicate a significant bounce-back is on the horizon.
📊Fundamental Analysis:
Miners Bullish: The individuals closest to the supply chain, the miners, are positioning long. They usually have a keen insight into the market's fundamentals, and their bullish stance speaks volumes.
Record Short Positions: An unprecedented volume of short positions in futures is currently in play. If we consider the limited supply available to cover these shorts, a scenario unfolds: a massive short squeeze.
🚀Projection:
Given the potent combination of the technical and fundamental factors at play, it's plausible we could witness a monumental short squeeze. This squeeze could propel Palladium prices from their current standing around $1200, launching them towards the $2000 range, if not beyond.
Disclaimer: Always conduct your own research and consult with a financial advisor before making any investment decisions. This analysis is based on personal opinion and is not financial advice.
📈**#PalladiumToTheMoon** 🌙
Palladium: Waiting for a long entryIt's been a while. I never stopped trading, but I did stop posting.
Let's share some ideas again!
I'm patiently waiting for a long entry in TVC:PALLADIUM
Palladium weekly chart
MACD:
The macd crossover indicates an upward correction in a downtrend.
The positive divergence indicates a possible trend reversal
Confirmation after crossing 0-level.
RSI
Positive divergence RSI confirms and indicates an upward correction a downtrend and a possible trend reversal.
Trend reversal confirmed aftering crossing the 50 level.
Happy trading! :)
Waiting for an entry #long
Palladium - Forming a basePalladium price, after also breaking a couple of key levels to the downside, has seemingly formed a base around 1220. It could still overshoot and test support lower down at around 1143. The bullish case needs to see price action break above resistance at 1350 in which case it could target around 1550 initially.
Palladium - Bullish divergenceThe noble metal of Palladium has undergone a robust correction of fifty percent since the waning days of March in the year 2022. This fortuitous circumstance has begotten a plethora of reasons for one to adopt a bullish outlook. They include..
1) Price action and RSI resistance breakouts.
2) Bullish divergence. Six oscillators now print positive divergence with price action as measured over a 9 month period. Look left.
3) Not a big fan of targets. However the falling wedge pattern + breakout confirmation now forecast a 3000+ target.
Alas, is it not within the realm of possibility that the price action may suffer a further descent? Regrettably, this rhetorical inquiry must be met with an affirmative response. But, I beseech you, dear reader, to meditate on the concept of probability, for it is in this realm that the prospect of such an event becomes most implausible.
Gwd I need to stop reading the great works for Christopher Hitchens.
Ww
Type: Trade
Risk: <=6% of portfolio
Timeframe: Long from 1300 as the market allows.
Return: 100%
Would Palladium be ready for a Comeback? It seems possible...Whenever something goes unnoticed for too long, it's usually a good opportunity...
In this case it would not be so unfounded, because however you spin it, you need the real cars at some point, there is no way around it.
PALLADIUM - Return to Trend LinesThe green trend line would be the optimal recovery point but the dashed line below is also suitable.
Bars pattern showing my thinking of how price will act.
The green line is a strong trend line.
Palladium $: another leg down?A price action below 1220 supports a bearish trend direction.
Further bearish confirmation for a break below 1200.
The target price is set at 1110.
The stop-loss price is set at 1310.
The start of downside price momentum (see the lower panel) remains a concern for further downside.
Palladium on 4h Hello traders,
Here is my expectations on Palladium until the end of the year.
Good luck all!
This is not a financial advice!
Palladium Analysis: Is price starting a swing higher? Today's focus: Palladium
Pattern – Descending triangle / Range
Support – 1223
Resistance – 1320
• Palladium added 4.37% on Thursday
• Palladium and Platinum ignored USD strength to finish firm on Thursday.
Hi, and thanks for checking out today’s analysis. We’re looking at Palladium primarily in today’s video, but we have also mentioned Platnuim, as it also posted a solid session on Thursday.
After yesterday’s rally, we have looked at a few things that have stood out in the buyer's favour, but we have also broken down the remaining hurdles and what we want to see from price to confirm the bullish signs.
Do you trade Palladium? If so, please let us know what you think of the descending triangle pattern and if you agree with current volume supporting yesterday’s move.
Have a great day and good trading.
Palladium continues to hold back the bears.Palladium - 24h expiry
Support is located at 1220 and should stem dips to this area.
We are trading at oversold extremes.
We look to buy dips.
1220 continues to hold back the bears.
Expect trading to remain mixed and volatile.
´
We look to Buy at 1222.6 (stop at 1206.6)
Our profit targets will be 1262.6 and 1272.6
Resistance: 1269 / 1280 / 1300
Support: 1250 / 1240 / 1220
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Palladium setups2 Palladium set ups.
-Wait until trendline break out.Target WPOC
-Wait for .886 .Target WPOC
Trend is still bearish
XPDUSD Sell signal below the 1D MA50.Palladium (XPDUSD) has been trading inside a Channel Down for almost a year. The price ic currently near the top (Lower Highs trend-line) of the Channel Down, just below the 1D MA50 (blue trend-line), which is intact since May 23.
The 1D RSI action shows that we are potentially in a similar spot as December 27 2022, when a deep Lower Low sequence started. As long as the price stays below the 1D MA50, we will stay bearish and target the middle of the Channel Down at 1050.
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Bullish on Palladium I think this is a good entry point for this incredible metal...
Interesting use cases ..
*Dentistry
*Catalytic converters
*Electrical components... Good conducter.
*Fuel Cell technology 👀
Palladium's mild rally to find a ceiling soon?Palladium - 24h expiry
Broken out of the channel formation to the upside.
We look for a temporary move higher.
The primary trend remains bearish.
50 1day EMA is at 1340.
Preferred trade is to sell into rallies.
We look to Sell at 1339.8 (stop at 1363.8)
Our profit targets will be 1279.8 and 1269.8
Resistance: 1322 / 1340 / 1360
Support: 1302 / 1290 / 1275
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
XPDUSD: Inverted Hammer after setting Higher LowXPDUSD formed an inverted hammer candle after setting an Higher Low which indicates the continuation of the uptrend. Going long with stop loss at last HL.
Palladium at oversold extremes in a bearish channel.Palladium - 24h expiry
We are trading at oversold extremes.
There is no clear indication that the downward move is coming to an end.
The current move lower is expected to continue.
Trading within a Bearish Channel formation.
Trend line resistance is located at 1248.
The sequence for trading is lower lows and highs.
We look to Sell at 1249.4 (stop at 1273.4)
Our profit targets will be 1189.4 and 1179.4
Resistance: 1250 / 1257 / 1270
Support: 1227 / 1215 / 1202
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
XPD remains in a sequence of lower highs and lows.Palladium - 24h expiry
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Previous support level of 1262 broken.
We are trading at oversold extremes.
We look for a temporary move higher.
50 4hour EMA is at 1290.
We look to Sell at 1304.8 (stop at 1328.8)
Our profit targets will be 1244.8 and 1234.8
Resistance: 1257.7 / 1275 / 1300
Support: 1245 / 1225 / 1202
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
PALLADIUM , LONG , COT Strat research , idea 2I am working at at the very begginings of a strat where I would like to use COT data and price action to take futures/forex trades , right now this is idea 2.
The logic is we have non commercials , reportables and non reportables , both short , reportables being extremely short vs average deviation ( just looking at it visually at this point )
So , not a long yet but , this would probably be something to focus on after the chart ok's the entry , my goal here is to observe and assess , right now this looks like exactly the prerequisites that I want to have
A contrarian perspective and for the price to confirm with a change of structure when most people are short , I imagine the ideal trades will be non-commercials net positioning opposite of what we are doing and notably in excess of average deviation norms.
This is to start the very initial research of what could become a strategy, I want to find 8 more ideas like this , I have learned that strategy development takes lots of time , so I expect the initial research to take between 6 months and 1 year before anything live happens .. and then if it does work out I will start small . Perhaps using etf's vs futures contracts to do so with applicable stuff is one idea ....
Palladium in inverted head and shoulders?Palladium - 24h expiry
A bullish reverse Head and Shoulders has formed.
Bespoke support is located at 1355.
We look to buy dips.
With signals for sentiment at oversold extremes, the dip could not be extended.
Offers ample risk/reward to buy at the market.
We look to Buy at 1350.1 (stop at 1326.1)
Our profit targets will be 1410.1 and 1420.1
Resistance: 1370 / 1380 / 1400
Support: 1348 / 1335 / 1315
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Will Palladium Slide Down To $1000?Palladium, which hit an all-time high of $3433 in March 2022, has since experienced a major downturn, plunging below the $3000 support level and losing 34% of its peak value by the end of that month.
The downward trend persisted throughout 2022, breaching the critical $2000 level in October.
A significant bearish move in February 2023 further pushed the price below the $1543 support level from December 2021, turning it into a formidable resistance level.
This has led to a further drop to a four-year low of $1305.
Now, with a total decline of over 58% from its all-time high, palladium may continue to fall towards the $1000 mark unless buying sentiment changes.
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Palladium primary trend remains bearish.Palladium - Intraday
The primary trend remains bearish.
Preferred trade is to sell into rallies.
20 1day EMA is at 1397.
Trading has been mixed and volatile.
Daily signals for sentiment are at oversold extremes.
We look to Sell at 1397.8 (stop at 1421.8)
Our profit targets will be 1337.8 and 1327.8
Resistance: 1400 / 1415 / 1430
Support: 1380 / 1360 / 1340
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
