XPDUSDG trade ideas
Short PalladiumI have nothing much to say in these kinds of graphs
With auto industry falling, global economic slowdown (its exaggerated but it is happening for sure), and consumer spending and industrial manufacturing falling, I think palladium might be getting exhausted with this rise.
Palladium is used mainly in 4/3 way catalytic converters along with rhodium.
Yes they are rare metals and found mostly in russia and south africa, but with auto demand falling, i dont see a reason why the demand should not fall
Technical indicator - Overbought
Short palladium 1780
Tp1 1750
Tp2 1710
perfect continuationAs predicted palladium is making new highs and thrashing records. he cupd and handle is way too obvious and this shows its power.
Will be looking at least 2000 in the midterm. Look for a parabolic move that will send this metal sky high. It will determine the end of this rally. Sell ANY parabolic move from here.
Palladium Over Priced !Hi there;
I try to see precious metals through different lenses, happy for you joining me and see things differently.
The above chart is the Palladium / Platinum Ratio, it shows how Palladium is expensive, and how Platinum is cheap.
The Palladium / Platinum Ratio rose from 0.2 to 1.7 today.
Buy Platinum, it's very cheap.
Avoid Palladium for now, it's very expensive.
Palladium Down !Hi everyone;
Did you see Palladium monthly chart?
Palladium price is forming a rising wedge.
Till now, five subwaves were counted, I expect additional two subwaves to come before the wedge complete.
Why?
It's a natural behavior to corrective waves to unfold in seven subwaves.
Also look at PPO Indicator ( Percentage Price Oscillator), it forms a contracted triangle with lower highs and higher lows, this indicates that as soon as the triangle break, the next move will be strong.
As soon as the rising wedge complete, Palladium Price will decline.
This is not a good time to buy Palladium.
Opportunity To Short Palladium Hi All,
Sharing another my trade plan to short Palladium. It been having a nice run, and it may be time for a correction.
It's a very "sensitive" commodity ( lots of long candles) so consider this as you set your stop losses. I'm not an
expert or a financial adviser, so please trade at your own risk. Good luck!
- Kayj9009 -
Not trading, but INVESTMENT!If not before, then at the beginning of December (at the latest in January '20) you could expect that the blue wave 5 of the black 5 will be completed ...
Simple: keep an eye on palladium ... a multi-month investment could prove to be one of the most profitable ones (with low risk).
Mögliche Korrektur bei Palladium?!Nach dem starken Anstieg des Palladium Preises befindet sich der Markt nun auf dem daily Chart in der Überverkaufzone. Zudem sehen wir eine bearische Divergenz bei MACD und RSI. Wenn der Trendkanal welcher nun seit August anhält gebrochen wird sehe ich hier eine mögliche Korrektur auf ca. 1542 USD. Natürlich sollten wir hier noch auf Bestätigung warten.
Happy traiding!!!
- Wenn das Leben dir eine Kopfnuss gibt, dann sei ein Einhorn! -
XPDUSD (Palladium): Long term action plan. Buy opportunity.Palladium is now on a new Higher High within the 1W Channel Up (RSI = 68.210, MACD = 65.770, Highs/Lows = 97.7642). Based on the similarities with the 2017 Channel Up and with the 1D RSI having reached a peak level (RSI = 66.981) it is natural to assume that a minor pull back is in place (1,600 projection) that will only fuel the uptrend on the long term within the Channel Up. Based on that our Target Zone on a 1 year horizon is 2,200 - 2,400.
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