GENM trade ideaGood long position if the next daily candles closes to form a higher low. Just touched the 9 ema again and in a clear uptrend.
Palladium
PALLADIUM Updated ThoughtsCurrently above major trendline
I assume this structure that is forming will break down into the wedge / triangle that has formed below, that will be the optimal entry point above the trendline of the spiral.
Bullish since the beginning.
Sprott Inc.stochRSI bottom - rsi sitting at below 40 in a macro uptrend , within uptrend channel , usually when RSI is 50-60 range on an uptrend it is considered oversold , possibility of posting higher low - risk of hitting bottom of parabola but holding at the .23 - interesting scenarios from this price level - but fundamentals are strong with this, posting gains , larger AUM and dividend increase - most likely will sustain uptrend with the metals asset class as supply and demand has greatly hindered the market especially in metals that are in severe supply shortages
palladiumpossible continuation diamond pattern playing out into wedge. palladium and platinum both are in extreme supply shortages. price will most likely be explosive.
XPDUSD price forecastWatch for breakdown on XPDUSD, completing wave C
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PALLADIUM : 1st step done from previous chart now the retrace 1st step done from previous chart now the retrace 218x could be very good entry
$XPDUSD - Palladium trade setupHello everyone!
Two scenarios I'm tracking for Palladium.
The first is the confirmation of the Inverted head and shoulders and bullish from current level, the second is a confirmation of a bearish flag and a bounce back from the dynamic support.
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Palladium - Potential for some more upside action TVC:PALLADIUM
After a massive dump, over 6% on the 11th Nov, we are seeing great support at $2300 to $2350.
Based on the MACD and the RSI indicators, we can conclude that the downside risk is lowered and the momentum is shifting back to the upside.
Great entry points for a potential breakup are between $2330 to $2350.
Break up take profits are as follows:
TP1 - $2391
TP2 - $2415
TP3 - $2490 (Back to last weeks swing highs
Stoploss - $2301 (Just below the dump)
If the DXY ( TVC:DXY ) breaks up above $23 and closes (4hr or D1) then this trade will be under pressure and should reconsider.
palladium : test 2500 last week was very bullish for palladium despite bad cars sail numbers in usa and confinement , next week we can see small retrace before new pump to 2700
#Palladium - 5-wave complete though impulse is very strongHi guys!
Palladium has touched the dynamic resistance and might retrace from here though the impulse is very strong, hence it might retrace just a bit and continue the uptrend backed by the weak US Dollar due to the Stimulus bill.
Trade Update: Sell 25-50% and move stop to breakeven
Real-Time Algorithmic Trading Signals. Stay curious
Buy: 2314.0
The Ingenuity Trading Model is a Hidden Markov Model with specific inputs related to Price, Time, Volume , and Volatility .
XPD USD SELL (PALLADIUM - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
XPDUSD setting up for a run to the upsideXPDUSD setting up for a run to the upside. Watch price action, do not overleverage
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Looking to Long once it successfully breakout from the triangle.Looking to Long once it successfully breakout from the triangle.
Trade with the trend.
Platinum Palladium Ratio has Bottomed. Platinum bull market will look to begin in the next 6-8 months based on past performane when this ratio breaks higher from a bullish downward pointing wedge. Once this occurs a platinum bull market usually follows. Watch with anticipation and it would be prudent to prepare for some platinum purchases in the next few months.
Precious Metals Suffer Heavy Beating!Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you!
This if the first week in nearly two months for precious metals to close with a negatively weekly price performance.
Bearish Fundamentals
- The recovery of US Treasury Bonds yields alongside a strengthening greenback contributed to the weakening of precious metals since last week. If economic data from across the globe continues to improve in the coming weeks, then Gold & Silver are expected to remain subdued.
- Positive news about the Covid-19 Vaccine have raised the Risk Appetite of most investors who have began dumping non-yielding assets in favor of stocks and marginally improving US Treasury Bonds.
