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Palladium

Gold Breaks First Major Resistance!Following on from the previous Gold post, you would have seen that we mentioned that price was approaching major resistance at $1,557 which was from the high of 4th September 2019. On the 6th January 2020 price eventually broke through this resistance level confirming a continuation to the upside. Price also broke out of consolidation and what tends to happen after consolidation is that price usually forms a strong trend. This does depend on how long the consolidation lasted. Price is currently showing some signs of weakness as the breakout candle has a long wick above it, indicating that the sellers are trying to push price back down. What may happen next is that price may use the previous resistance as support before a continuation to the upside. Price may also decide to re-enter consolidation and in that case we would need to wait for another breakout before looking for any long opportunities. As we currently have positions in this instrument, we are waiting for opportunities to compound and increase the potential profits this commodity may decide to deliver to us. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
2
Palladium Worth Over $2,000!On 17th December 2019, price made an attempt at breaking the $2,000 major round number and failed. From that date through to the end of 2019, it was unclear whether Palladium would exceed $2,000. We prefer to wait for breakouts and avoid trying to guess what price will do next. On 6th January 2020, price broke and closed above $2,000 creating new historical highs and signalling strong momentum in this commodity. If price does continue to rise then we can expect to see deep pullbacks along the way up as this is the nature of this commodity but this is nothing to worry about. Pullbacks are just periods of temporary selling and usually scares off the inexperienced traders. If you are trading and following the trend, then your stops should be kept a distance away from price to allow these pullbacks to occur without stopping you out prematurely. We will be following Palladium and will be looking to add more positions to our profitable trades that are currently still running. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
2
Palladium: Remaining Bullish in 2020 before 2021 ConsolidationPalladium has quietly ran up as much as 65% YTD at one point with a likely 'finish' around +53-54%. In my forecast, I believe Palladium will reach roughly 2400-2500 by the end of 2020 with a more aggressive short coming sometime in Q1 in 2020 (Jan, Feb or March) and one later in the year in Q4 of 2020 (October, November or December). Production relative to demand remains considerably unmatched and this trend will continue through 2020. Because equities will remain at-least modestly bullish in 2020, there is no reason for the automotive sector to drastically deteriorate, and as such, Palladium demand will remain strong despite random bears trying to say otherwise. Moreover, the strong demand from international markets like China and India will push Palladium higher than most people think in 2020. The overall 'bull run' of Palladium will end once the price falls BELOW $1650. Note: The dips may be slightly more aggressive than what I have drawn here, however, the overall prediction, trend and timing remain accurate. - zSplit
OANDA:XPDUSDLong
by PaulDeep19131
6
Palladium Slowing Down at $2,000!If price can climb another 60 points and go beyond the $2,000 mark then it would be creating new record highs for this commodity, which in 2016 was only priced as low as $454. It has travelled some way since then to where it is now and that journey has not been the smoothest. After the smooth linear trend from August 2018 to March 2019, price took a turn and went into consolidation. The sideways movement continued like that for 6 months before the trend resumed. What traders have to realise is that a period of consolidation does not write off a trade and quite often just indicates exhaustion in the market before momentum kicks back in and we see a trend continuation. The last pullback was held and pushed back up by the 50sma, which also pushed price through the previous resistance at $1,823. We will have to see if that same momentum will push price through the $2,000 psychological round number and beyond. We will share updates if and when we see new all-time highs created. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
2
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