XPDUSD Look for 1500 USD Target Hi there.
Palladium is in strong bullish trend. We are looking for the trend to continue and hit the 1500 USD. Currently Palladium is correcting on 4 hr time frame and we are looking for this correction to continue for more upside before any bigger correction or change in trend.
Lets come to the point.
How you can trade on this chart.
1. Watch for the strong breakout and look for long.
Or
2. Wait for the price to test the bottom and then look for buy there.
Currently we are expecting it to form flag before rise if we are not going to see flag and going to see another pattern then we may see entry levels at different areas.
Note: Correction can get bigger.
In case price breaks below and turn in to daily correction then we will look for change in pattern formation before we start to look for buy on Palladium.
Good Luck
PALLADIUM trade ideas
Palladium: Bullish continuation on ideal conditions.XPDUSD (Palladium) has made a new Higher Low on its long term 1W Channel Up (MACD = 89.310, Highs/Lows = 86.3564, BBP = 189.9320) and due to the overbought RSI = 77.424, it should slow down its uptrend within the next 20 sessions. This doesn't necessarily mean that it has to consolidate sideways, but as it did on the late Oct - lat Nov period, it may rise slowly on a more standard Channel Up. 1D has created the perfect conditions for this (RSP = 58.571, Highs/Lows = 0.0000). We are going long again on Palladium with TP = 1,455.
See our previous long term bullish report on Palladium (compared to Gold) and its strong long term buy bias.
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Looking for a top in Palladium ... => This is a very important chart update for those following Palladium
=> Here from an EW perspective the market is starting to near the extension target for the 5th wave ... we know in advance that this will trigger a lot of profit taking as bulls begin unwinding their positions after 3 years from the early 2016 lows.
=> It's time to stay alert and watch price action like a hawk at these levels to see how it develops. The correction could likely end up retracing anywhere from 23.6% - 38.2% of the entire advance which would put fair value around 860.
=> Keep your eye here as we are ending the year sharks are looking to start trading 2019 expectations as early as possible so we might kickstart this flow with a knee-jerk from FED....
=> Good luck to those who are trading Palladium and other commodities for the year ahead.
Palladium Forecast: The dream came true and there is more to goLast year we entered a long trade on Palladium at 1125 USD. Our midterm target was 1350 USD. We have reached our target.
However, as I mentioned in my forecast, the longer term targets of the Palladium prices are higher. I called it the “New Gold”.
The reasons were very well explained. You can read the forecast PALLADIUM.
I wrote that 1350$ is not a dream. The traders who invested in Palladium futures instead of spending time with gold trade made fortunes.
Even the global growth concerns, trade wars could not stop the metal.
Positive news from the US- China trade talks will boost the bullish momentum. RSI has rooms for upside.
I just want to give the levels: 1375, 1437 and 1500.
Good Luck
Palladium - Rare topThis thing is at or almost at the top. I shorted Friday like 4pm, think there might be more one up if it does ill close and short higher.
Each candle is a week. Catalytic converters. Used in diesel cars when the forward way is electric. Just IMO. I am already short at 1305, my book, it has a bit of vig involved like 10 pts so imo pretty good point. I think I am comfortable here but there could be one more up. Ill stop if it breaks the current top and buy a short back at 1350+. This will see $800 in 2019.
Can be played with BTC and massive margin @ bit.ly
Fibs on the left is the bullish side, the right, the one im betting on hopefully works. Breaks that 1.0 im wrong and totally cool with that. This will be a money maker in 2019 guys gonna lose a tone of value. With like 50x margin, you can increase your stuff big. You can also lose! - You get the idea. Forget about waiting days for crypto to move. Use it to make a bigger number. its just digits/numbers. Make them bigger you are winning.
PALLADIUM (XPD/USD)Palladium prices seem to be forming an ascending wedge on the lower timeframes. Prices can continue forming these higher highs and higher lows, however, a break to the downside can also be expected. I would rather wait for a breakout before opening any positions. Not very interesting i would say.
THE GREAT PALLADIUM BUBBLEWow I have been constantly looking for the next big thing after the crypto fury. I've found the gold mine. Or should I say Palladium mine? Even through a recession, the demand for palladium would theoretically stay very high. That in combination with the fact that now word of mouth is spreading and news reports are starting to come out. When fomo kicks in this could be a wild ride.
Very oversold on the weekly here, Waiting for a correction in the coming months before more upwards action.
Palladium " looking for the top " Day chart The price action extrema have been fitted with quadratic curves Curve anchoring is don at 4 hr chart ( at least ). these extended parabolas often find support at further in the price history This may be unexpected or can predict levels or resistance, support or extrema of the overall price actions. The most relevant Parabola or palladium today is Solid Blue. ( rooted 17 Aug 18 low and the current rally ) Its intersection with other 'well rooted curves' may indicate the apparent top as a moving targe. as time evolves so does "the top". Point B stands out. Dashed Red is the bull parabolic trend trend: ( rooted and the 2001 high and the Dec 08 low ) Solid red Parabola is the probable field of action in a 'metals bull environment' . If the Price jag does not reach point B it may revert to Dashed Grey: ( rooted in the 17 Feb 11 high ) . A problem arises with Solid Orange, it is not well rooted and its pointing to B: a "logical looking" peak. Dashed Blue is well rooted. Solid Green is well rooted. This does suggest that the top Now. I am not certain . Is this in harmony with the current moment? it feels that there is more to the up side for palladium: Thus Point B ( 10 Sep 19 ). Solid Red parabola is as well rooted as can be for the information implicit int he price Jag action for 2018. The top side to that is apparently "to high" Point C ( Aug 2020 ) point C implies monetary instability. Solid Green is rooted in the 06 Jan 2016 low and the Jan 08 local peak . ( disclaimer: this is a experimental approach to price action analysis . i do not claim to know now or predict future price action of this financial instrument or any commodity. I like to dress price action Jag in parabolas, because that is beautiful. ) ( i don't own any palladium )
Palladium - screaming for an correction - good risk/reward Palladium is since August 18 in bull mode and have seen only one healthy correction which is an indicator for an following big dump/correction.
Another reason is the now stagnating economy which is likely to slow down the further growth of palladium price.
Stop loss above 1300 $
Take profit 1 - 1180 $
Take profit 2 - 1060 $
Position turnaround to long if 1300 $ breaks within next days
Palladium is a friend to the environment... and it could be yours too!
Palladium is at an interesting juncture here. It is worth following.
Technically, the outlook is extremely bullish.
Double bottom within a double bottom, an enormous consolidation right at the top. This is a platform to launch way higher.
I've found big similarities with Bitcoin's price action and patterns of the last 5 years. Some coincidences are unbelievable.
The profound scarcity on both could be the driver.
Although Palladium's trend is slower (there's nothing faster than bitcoin), this structure is way more solid.
It has broken to all time highs this year, and after a successful retest it is now marching up trying to discover its fair price.
It could have a tremendous jump in the following years.
Fundamentally, it is also attractive.
Palladium is very scarce and the main application is industrial, employed in an after treatment coating in vehicles exhaust (catalytic converter for combustion engines), helping reduce harmful emissions. This subject gained a lot of traction given strict European legislation towards global warming/climate change, and the failure to comply by auto maker companies such as Volkswagen (2015 scandal).
This metal has only recently started to shine as a precious metal investment. While RCM has been producing 99.95% pure palladium bullion coins since 2005, US Mint started last year 2017 with a ridiculously low mintage.
The risky element is that palladium demand depends on cars production, and as such the price could be subject to Global Macro conditions which are very sensitive right now and the years to come.
In 1999-2000 it had its previous explosion in price with the commodities boom nurtured by geopolitical issues and shortage of supply. The number 1 producer in the world is Russia followed by South Africa.
Public attention is still quite low, but palladium recently captured a few investors and journalists attention naturally, after breaking to all time highs and surpassing gold's price per ounce... some media have been reporting palladium as "the most expensive metal in the world" (inaccurate).