Palladium
Palladium: New Opportunity for Taking DemandAfter successfully reaching our previous profit target for Palladium, we are now on the lookout for a new potential demand zone for this precious metal. Based on current market trends and historical data, the price of Palladium may drop to the $900 level, which could serve as a critical support area and trigger a reversal. This anticipated reversal aligns with the seasonality patterns often observed during this period, suggesting a possible uptick in prices.
It's important to note that the price previously encountered strong resistance at $920, marked by a notable spike. This level indicates the presence of a minimal demand area, reinforcing the potential for a rebound if the price tests this zone again. Given this context, we are looking to strategically buy at a discounted price, positioning ourselves for a possible upward movement in the market.
Moreover, it's worth considering that commercial traders have shown a bearish stance this week, reflected by a reduction in their positions. This decrease in commercial positions can often signal an impending shift in market sentiment, providing an additional layer of confidence in our strategy to buy Palladium at the identified demand zone.
In summary, we are carefully monitoring Palladium's price action around the $900 mark, with a view to capitalize on a potential reversal. By leveraging historical resistance levels and market sentiment indicators, we aim to navigate this market effectively and optimize our investment returns.
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Palladium / Potential move to the upside from demand zone ?Hey traders
We have Palladium with a potential move to the upside from demand zone, it has dropped all of last month to reach this area, I am expecting the push back up into supply area marked off on chart.
1 -3 RR
Please like comment and follow cheers
This chart material is for education purposes only / Demo account should be traded only
Anticipating a Bearish Impulse for Palladium Before GrowthAnticipating a Bearish Impulse for Palladium Before Seasonal Growth
We are anticipating a final bearish impulse for palladium before a seasonal uptrend begins at the end of the month. Following a recent rejection at a supply area around $1,050, coupled with the overbought condition of the RSI and an exhaustion daily candle, we see potential for another downward movement.
This setup is highly speculative, and we plan to capitalize on this bearish impulse as our current strategy. After this trade, our approach will shift to waiting for October, when we expect conditions to be favorable for a new long position.
By carefully monitoring the market indicators and historical patterns, we aim to make the most of this potential bearish impulse and prepare for the subsequent seasonal growth.
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PALLADIUM Trend changing from bearish to bullish.Palladium (XPDUSD) gave us the most optimal sell entry on our March 15 (see chart below) sell signal:
Now however it is time to take profit on that trade before the projected Target as the 1D RSI Double Bottomed, while the price is on Lower Lows. Even though this isn't a direct Bullish Divergence, when RSI Double Bottoms were formed along price Lower Lows, Palladium always started a rally, at a minimum of +21.30%.
As a result, since the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) are squeezed the closest they've been to each other since November 2022, we turn bullish now, targeting 1090 (+21.30% rise).
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Palladium XPDUSD Bullish Side Money Heist PlanMy Dear Robbers / Traders,
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Palladium's intraday rallies continue to attract sellers.XPDUSD - 24h expiry
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
There is no clear indication that the downward move is coming to an end.
Our short term bias remains negative.
Preferred trade is to sell into rallies.
20 4hour EMA is at 946.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 945.8 (stop at 961.8)
Our profit targets will be 905.8 and 898.8
Resistance: 940.0 / 959.4 / 980.0
Support: 931.1 / 918.3 / 902.0
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
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Palladium's Seasonal Shifts: Possible Double TopWith Palladium hovering around the $1046 mark, investors are navigating a complex landscape shaped by shifting market dynamics and economic indicators. Employing a seasonal approach akin to our previous analysis on Silver, we observe that Palladium has historically experienced significant declines during this period over the past 15 years. This seasonal pattern, characterized by bearish pressure, prompts a strategic reevaluation of trading setups for the metal.
Notably, Palladium's current price action suggests the formation of a double top pattern, signaling a potential bearish reversal. This technical indicator, coupled with the historical precedent of seasonal declines, serves as a compelling catalyst for initiating bearish setups in the short term. Notably , the Double top formation still on the 61.8% Fibonacci level.
However, it's crucial for investors to adopt a comprehensive approach that spans short to long-term perspectives. While short-term setups may capitalize on imminent bearish signals such as the double top pattern, long-term strategies necessitate a thorough analysis of fundamental factors and broader market trends.
XPDUSD Monumental buy at the bottom of the 6-year Cycle.Palladium (XPDUSD) is in the process of forming an Inverse Head and Shoulders (IH&S) pattern as it approaches its 1W MA50 (blue trend-line), which has been unbroken as a Resistance since the week of October 10 2022. Once the 1W MA50 breaks, we will have a confirmed buy signal, whose first emergence was when the 1W RSI formed Higher Lows against the price's Lower Lows, which is a Bullish Divergence.
We can see that this bottom is on a 6-year Cycle as the previous ones (January 11 2026 and December 01 2008) also took place on a 1W RSI Bullish Divergence forming an IH&S pattern. We expect Palladium to reach at least the 'Russia-Ukraine war peak' at 3450 by late 2025 the earliest or late 2027 the latest.
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Palladium to find buyers at current dip?Palladium - 24h expiry
Selling was posted yesterday but levels close to bespoke support of 1000 have found buyers.
1000.2 has been pivotal.
We look to buy dips.
Daily signals are mildly bullish.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
We look to Buy at 1005.5 (stop at 985.5)
Our profit targets will be 1055.5 and 1065.5
Resistance: 1032.1 / 1051.4 / 1060.0
Support: 1015.0 / 1000.2 / 984.5
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
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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Sibanye Stillwater and Palladium buy entriesPalladium and SBSW are approaching demand areas and we can expect a reversal to the upside with SBSW offering 4X trade from 5 to 20. And similar with PALL. NATGAS are also approaching demand but no confirmation is seen yet.
#stockstobuy #stockstobuynow #palladium #forextrading #natgas
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Palladium: Time for the Turnaround! 🔄Palladium is heading a little further downwards: the price is now drilling deeper and deeper into our turquoise Target Zone (coordinates: $1092 - $997). We expect that the low of wave B in turquoise will be deposited within this price range and that the trend reversal to the north will then succeed, which should subsequently bring us the price increases in wave C in turquoise. All technical conditions have now been met for this low; however, we allow the price to move a little lower again within our Zone. To hedge or minimize the risk of long trades, a stop 1% below the lower edge of the Zone can be placed. However, if the primarily expected bullish trend reversal succeeds, the metal should soon break above the resistance at $1257 and thus gain fresh upward momentum.
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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