PALLADIUM XPDUSD Short termLongterm downstream trend is in progress, a shortterm up trend has been broken and re-tested, expect to see a test towards 857 till the mid of May 2024.
PALLADIUM trade ideas
XPDUSD Sell opportunity near the 1D MA200.Palladium (XPDUSD) has been trading within a Channel Down pattern since the October 04 2022 High and the recent Feb 13 2024 Low rally is approaching the 1D MA200 (orange trend-line). This is where the last Lower High of the Channel Down was priced (Dec 22 2023), thus a sell opportunity is being presented. On top of that, the 1D RSI just hit the 70.00 overbought barrier.
As a result, we turn bearish on Palladium, targeting just above the Support 1 level at 865.00. We will turn bullish only if the price breaks above Resistance 1 and then pulls back to the 1D MA50 (blue trend-line), targeting 1630 (just below Resistance 2).
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Palladium logarithic channelPalladium seems to be in a logarithmic channel of which it is currently touching the bottom. If it follows previous cycles it should top at around 5K USD around mid 2025
Palladium....Potential UpmoveHi
1.HTF ascending channel
2.double buttom
3.Bullish impulse
4.Head n Shoulder Pattern
Wait for breakout from the right Shoulder to confirm the bullish move
SMC TopDown Analysis on Gold and Silver.I am uploading this video, providing update on Gold and Silver where we left in our previous videos. Sorry for the background noise.
Palladium/Platinum crossover trigger to go LONGPlatinum and palladium are both used in automotive catalytic converter manufacture. Palladium is dropping to the point where it may well cross over the price of palladium.
At this point catalytic converter manufacturers would want to switch from Platinum to Palladium and/or hedge Palladium to protect against future price rise.
Watch for the crossover and then switch to shorter timescale tools to reinforce the buy signal.
This is a long term investment opportunity rather than a quick in and out trade.
As ever, this is opinion only. Do your own research. Never place what you cannot afford to lose.
If you liked this idea please give me a boost.
Good Luck
Goldybug.
xx
Massive divergence palladiumMassive divergence in palladium forming. Falling wedge. Monthly chart & RSI also incredible. Supressed for years.
Palladium to find buyers at market?Palladium - 24h expiry
Yesterday's Marabuzo is located at 973.
Our short term bias remains positive.
We look for gains to be extended today.
Preferred trade is to buy on dips.
With signals for sentiment at oversold extremes, the dip could not be extended.
We look to Buy at 973.5 (stop at 953.5)
Our profit targets will be 1023.5 and 1033.5
Resistance: 988.2 / 1000.0 / 1020.0
Support: 980.0 / 965.0 / 950.0
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.
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Possible Palladium Trade OpportunityTVC:PALLADIUM sinking since 2022, fast. The price fell from over $3000 to below $1000. The pain however might end in 2024. The recovering auto sector, jump in manufacturing PMIs and future rate cuts might give TVC:PALLADIUM some breathing room.
ETF holdings of gold, silver and platinum all fell in the last year while the palladium holding rose by %20 and more than %5 of it came in January. Palladium (-54.99) fell much more than its sister Platinum in the last two years (-12.13%) and a possible correction might be in due.
My case for Palladium is positive with the recovery of manufacturing, incoming rate cuts and correction of oversold price. The technical side is still not looking solid though. I decide to risk it becasue of huge increase of ETF Palladium holding in the last months. With 11% risk I expect a jump towards $1500. I will update my stop if price pick up and broke the falling wedge formation.
SUPER BUY on palladium This is an unmissable opportunity on palladium, you can not afford to miss capitalising of this opportunity. Such money making events don’t come around often, so buy with a stop loss of 949
$palladium longStarting a position here.
Reasons:
-61.8 fib;
-a lot of negative days; hoping for at least one green day;
-this looks like a retest of the previous area(1000$ level);
I will follow the PA to see if I add or close the position.
PALLADIUM - Golden Window Buy 🚀Having had what appears to be a start of trend breakout pump, PALLADIUM has had a violent sell off back down to dip slightly below the 0.618 into the retracement Golden Window.
This is a classic Elliott Wave 2 ratio here and good chance it will bounce from this area.
Reasonable chance this will end up being the retracement bottom.
Notice that the RSI is curling up and could be a clue that a bounce is coming.
In higher time frame PALLADIUM appears to have passed a major bottom and the uptrend is now underway.
My previous buy was at the 1.618 $941 taken from the 2 pivots of distribution.
This is my first offering for TradingView and it should be a good one as this is a deep pull back and PALLADIUM may be beginning a multi year uptrend and perhaps even this area will prove to be a perpetual low.
Not advice.
PALLADIUM - Recovery At Strong Trend LineA strong trend line in white that can be accompanied with an upper trend line forming a rising expanding wedge. Using this we can obtain a potential top for the next bull move.
Bullish
Palladium1Y
RSI is turning down and reaching overbought.
5Y
RSI is trending down.
ALL
RSI is trending down.
(Ignore MFI)
Prediction: I believe we will see a drop towards $1,600.
For my educational purpose, not to be used as financial advice.
Palladium : NEXT MOVEHello there,
PALL IDEA.
Big correction since the top (70%).
I can see a Bounce to the two purple resistance. The ABC correction of Elliot waves is done soon.
Furthermore, the target of H&S is done soon.
Buy here and at 860 and 720. Target 1.618 of Fibonnaci, so 4800.
Good luck, bye
xpd usd Long Palladiummonthly chart on how Palladium may act once it keeps the 0.786 orange fibo as a support. Once it does that, like it did in Green Circle, it should rally up to fibo 1.00 (roughly 1550-1600 usd for 2024) and then the real move should come after that to fibo 1.272... Mind the divergence in monthly RSI as well, pointing to a upturn...
XPDUSD on the verge of a long-term bullish break-out.Palladium (XPDUSD) has been trading within a Channel Down pattern since the October 04 2022 High. Today though, the price broke, marginally so far, above it for the first time after a strong post-Fed 1D candle. This rise was initiated on a Lower Lows trend-line but on an underlying Bullish Divergence as the 1D RSI was during the same period on Higher Lows.
This was the first signal of a potential long-term bullish break-out and a break (and 1D candle closing) above both the Channel Down and more importantly the 0.382 Fibonacci retracement level (which is where the April 18 2023 High was rejected), will be the confirmation.
If it happens (closing 1D candle above it), then we will buy and target the 1D MA200 (orange trend-line) at 1255.00, which is slightly below Resistance 1 (1291.00). A further closing above Resistance 1, will be new break-out buy entry, with which we will target slightly below Resistance 2 at 1625.00.
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⬆️⬆️⬆️💡Palladium Palladium. A rare opportunity to buy and stack at such a low price might not come around for a while. The last time we were at this price was August 2018. The technicals and fundamentals both suggest we are heading much higher.
$palladium/ $XPDUSD small long againSmall long here, I will add depending on the price action.
Reasons for the trade:
-acceleration to the downside
-anticipating a false breakdown(maybe the add will be after we get back above 950)
-divergence on the daily TF
-some round price numbers
Palladium AccumulationI expect palladium to start an accumulation process in the following months for the following reasons:
Technicals:
Palladium is in an untested demand zone which includes 5 years and 10 years
It is in an untested demand zone which correspond to the restest of 2001 highs and the breakout of 2018
There is a divergence on the MACD
Seasonality is positive from mid December to March
Positioning:
The number of speculators shorts are at an all time high in the COT reports of Palladium Futures
Fundamentals:
Lower rates should support higher prices
Palladium is mainly used in catalyst from fuel-engined cars. The demand for hybrid cars and plug-in rechargeables is expected to increase a lot in the coming years especially in the US and Canada where fully EVs are not ideal because of long distances vs Europe.
In the short term I think palladium can go to 1350.
XPD correction is about to cool down before CCurrently we are in ABC correction. A point is near and soon we will see movement from A to B .
Short term - no position before shorting - time to wait before continue with trend
📈📊 #ChartPattern Alert! 📈📊 📈 Rising Wedge 📈📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two lower highs (upper trendline).
Draw another trendline connecting at least two lower lows (lower trendline).
📈 What it Signals: The Rising Wedge suggests a potential bearish reversal, with sellers prevailing at lower highs within the wedge. It often forms during uptrends and can precede a significant price move to the downside.
📈 Trade Strategy:
Consider short-selling or setting stop-loss levels if the price breaks below the lower trendline of the Rising Wedge.
Set profit targets based on the pattern's height subtracted from the breakdown point.
Implement a stop-loss to manage risk in case of a false breakdown.
Remember to use other technical indicators and conduct thorough research to support your analysis before making any trading decisions. Happy charting and trading! 📉💹
