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Palladium

Palladium When Does The Ride Stop?Palladium has had a massive drive up in price. Previously below platinum, it's come into it's own. The market is tightly controlled by a few major players, and possible supply interruptions helping fan the bull flame. $2000 Rejection most likely profit taking, and an outlook over $2K imminent. I am waiting to take a short position though, as a rally like this has the potential to unwind quickly, and the upside at some point will be capped. Key points of support sit at $1835, $1700, then $1600 in the short term. Will also be watching RSI for a short on any overbought rallys over $2K mark in the next few weeks. Whilst keeping an eye on news of the current supply/demand fundamentals in the case of a continued rally to future gains.
OANDA:XPDUSDShort
by KevinOrchard
Palladium reaching for the skyWelcome fellow Tradingviewers, This analyses is only showing you guys my vision on Palladium and should not be considered as financial advise. If you agree or find this analyses usefull dont forget to leave a Like . With that being said, we can start analyzing one of the less known rare metals around. We at Forallcrypto have been a fan of this metal since the beginning of 2017 and we are again at an important crossroad this week. We have drawn a couple of lines to indicate the ATH cycles from Palladium. for those of you who don't know. Palladium is being used in the car industry to ensure that tighter regulations regarding emissions can be followed. Palladium is a metal which has a lot of benificial properties, it is highly deviseable like gold, it can be used to help store hydrogen, it conducts electricity and besides this there are a lot of properties that i am not going to mention, DYOR. This is the fundamental side of it, Palladium has known a lot of difficult years but since breaking 'the first' ATH it has been going up like there is no roof. Lets look at the chart Since the 2017 ATH we have almost exacty seen a 100 % increase in the price. Since 2017 we have been breaking ATH's at a fast rate. I can already hear the voices: 'you dont want to buy at ATH' Lets analyse this. The reasons for buying now: - Palladium has overtook Gold in the list of most precious metals - We have seen a beautiful retrace to the 50 daily moving average which is known as the confidence indicator. - The last weekly candle has been a beautiful green candle above the last ATH indicating further upside movement. - Palladium had been getting almost 0 media attention for the last couple of years and it breaking ATH has not been shared by the media. - Industry applications are only getting better with China leading the way. - Tightening regulations regarding car mufflers will only increase demand in the car industry. - Hydrogen electricity plants are getting ready in the next 2 years - Moving averages are very Bullish - RSI and MACD bearish divergences can still be ignored - Let me know in the description below The reasons for not buying here: - Huge increase in price - Trading at ATH - RSI and MACD bearish divergence - Let me know in the description below I hope you guys enjoyed this analyses, if you want to discuss any of the fragments let me know in the description section below. If you agree or found this analyses useful don't forget to leave a like ! Kind Regards, Forallcrypto
OANDA:XPDUSDLong
by ForAllCrypto
Palladium Being Rescued By The 50smaPrice has been doing well since breaking through the previous all-time high at $1,615 on 20th September 2019. Price rallied nicely, following the cup & handle pattern, until it reached a high of $1,823 on 30th October 2019. A pullback, which was to be expected, came down and even dropped 122 points in 2 days. Day traders may have been scared off but as trend followers, we have kept our stops wide enough to allow for this type of move without getting prematurely stopped out. Right now, the 50 simple moving average is saving price from falling any lower and price appears to be climbing up this sma. There are two main potential outcomes going forward. Either price will head up and break and close above the current high at $1,823. The other outcome is that price may come down to find support at the previous all-time high at $1,615. Right now we are just managing our investments in Palladium as there is no reason to exit just yet. Palladium tends to endure deep pullbacks so we can expect a bumpy ride along the way up. As long as you are managing your trades correctly then you should be able to ride the trend all the way until the trend ends. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
Palladium: Likely One More Pump Then ConsolidationPalladium has certainly shined brightly this year and has been one of the best performing assets all year - up 40-50% depending on your stock and entry in the precious metal. Currently we formed a correction but have regained over 1700 status and I am eyeing some minor upwards consolidation for a few weeks with an eventual test of 1800, then a new ATH within the next 2-3 weeks before breaching around 2000 sometime later this year or into Q1 of 2020. Once we breach into the 2000-2100.00 range I suspect economic data will begin (based on timing), to finally show-up in the equity market and this will hinder Palladium from further gains as a result of it being tied to manufacturing/productive capacity. However, with the world focusing on "clean", "green" and the "environment", Palladium's price should remain elevated at the 1600 level +/- 100.00 for several months before falling lower. Once a recession happens (whenever that may-be - I forecast one by late 2020), I believe the price of Palladium will likely slip to anywhere from 1300 to 1400 (impossible to know exactly where). For investors, Palladium is certainly a precious metal for long-term money; unlike Gold and Silver which are more fiat currency hedges, Palladium has mass "real-world" uses and its use will only surge as time progresses. For traders, there will be several good short opportunities but now is not the time. - zSplit
OANDA:XPDUSDLong
by PaulDeep19131
Palladium Suffering From Big Selling!Palladium saw a 93% rally from the August 2018 low to the March 2019 high and with every big move we can expect to see price become exhausted and form a pullback, reversal or consolidation. In this case, we saw a period of consolidation which appeared in the form of a cup & handle pattern. A cup & handle in an uptrend is a strong continuation pattern but only if the neckline is broken. That did occur on September 19th 2019 and since then we have seen a 13% rally. The pattern of trends followed by pullbacks continues and we are currently experiencing just that. The current pullback has moved down 122 points in just 2 days and is currently finding support at the 50sma. To confirm a continuation to the upside we want to see a break and close above the October 30th high at $1,823. If price fails at the current support area then we have the resistance turned support level at $1.615 which is a major support area. We need to give price some time and space to move and as the overall trend is up, the bias is for a continuation to the upside. In the meantime, we have to see if price will follow the momentum and continue trending for some time. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
2
Palladium - CorrectionPalladium has confirmed a break of the uptrend line. To add to this signal, the top of this last move up coincides with the 161.80 fib extension level which could have been used as a profit taking level for longs. A correction from here down to the 1615-1600 level (previous resistance zone) makes sense and this would be an ideal area to look for longs. Shorting here is a risky option as it is a counter trend trade however previous corrections have been around 10-20% so a move down to the previous mentioned levels is a realistic scenario. Also there is an acceptable risk/reward ratio of approx. 1.4 if using the previous top as a stop loss level. This analysis is for my own reference. This is not trading or financial advice. Price Target 1615 ETA Early Dec
OANDA:XPDUSDShort
by armandoizquierdo
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
TVC:PALLADIUMShort
by arungoten
4