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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