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Palladium

XPD/USD Palladium 1578.418 VS 1311.485 Trade Setups Hello Traders, XPD/USD Palladium 1578.418 VS 1311.485 Blue: Developing a Bigger Corrective / Consolidation / Continuation Pattern for further upside movement breaking all time high's 1578.418 / 1311.485 VS 1827.393 / 1705.807. Yellow: Looking for smaller continuation / corrective pattern for current impulse to break 1578.418. Red: Red: Consolidation / Correction / Continuation For more downside Breaking 1311.485 VS 1174.297 / 1057.763
OANDA:XPDUSDLong
by DCAChampion
GOLD vs PLATINUMHi everyone, Just to share some thoughts. The World Platinum Investment Council has reduced its surplus supply forecast by close to 50% for 2019 due to investment demand. Bear in mind that it is still in surplus, so I don't imagine that the bottom is in yet. Platinum outperforms gold in good times and bad. Since 2003 Platinum significantly out-performed gold (smaller market than gold) but was more heavily impacted by forecast reductions in industrial demand. So I think looking forward it would be safe to say that Platinum is primarily driven by industrial demand while gold is primarily investment driven. So platinum reached its ATH (higher than gold ATH) in 2008 vs gold in 2011. It has out-performed gold on the downside too. I am starting to be quite interested in Platinum, however, think that there is lower to go because: - Industrial demand hasn't picked up (but seems to actually be dropping), - US PMI is way down, - global economic outlook has been reduced by the IMF (outlooks are generally gloomy - we have seen how Platinum reacts in a recession. If 2020 is a recession like a lot of people are pointing to, it would be very difficult to be bullish on Platinum), - Global outlook for motor vehicle sales is down - Platinum is commonly used as a catalytic converter of pollutants in car exhausts. - It hasn't yet met made a 1:1 extension of wave (A) or normal extension of wave C down (I think wave C is about 75% complete with a possible dip to sub-$500), - Any break below $760 territory would point to further correction of Platinum, - Supply is likely to be increased if the price picks up either by processing mining stockpiles, expansion of operations, or by increasing recycling as the prices pick up (presently recycling is down - likely waiting for higher prices), - Given recent US politicians' seemingly anti-environmental stance - the requirement for Catalytic converters could foreseeably be repealed by imperial decree (like the need of coal mines not to dump tailings into waterways) - this could cause a significant reduction in demand for Rhodium, Platinum, and Palladium. This said, presently 90% of cars produced globally have a catalytic converter fitted and the rest of the world would be expected to retain or strengthen limits on exhaust emissions so it would erode export demand for US vehicles, - There is far more interest in electrical, or alternative fuel vehicles which points to long-term pressure on automotive industrial demand. So is it all doom and gloom? An important sign to watch for is for any progress in research on Platinum as a catalyst for the refining and conversion of exhaust of gasoline / petrol. Also, if gold continues its bullish sentiment, this will likely cause upward momentum on Platinum from first investors, and later, from industrial sources (that have to buy). So is there and easy way to buy physical Platinum or is an ETF easier? I would buy physical platinum via bullionstar.com (I am not an affiliate) in Singapore rather than an ETF. The premiums and spreads can be quite low: its Bullion Savings Program Platinum offering (today) presently 3.64% over spot price and 3.51% over buy-back price and vault storage fees are low and the physical metal can be withdrawn or just purchased in their shop. My concern with ETFs (the way most people invest in metals) is that ETFs sell far more "shares" in physical metal than they hold and if the price spikes significantly they will likely be closed and neither be able to pay you back or to send you physical metal. When the price spikes it is very difficult to actually get your hands on the physical metal. Long story short, I will likely be a buyer around $550 and below. Thanks for viewing
TVC:GOLD
by flyinkiwi10
1
XPD/USD Possible Downtrend Continuation Palladium started its Downtrend after reaching the top of its Uptrend on June 20 @ 05:00. Now we are at our second lowest High peak of the descending channel with signs of continuous falling. Downtrend continuation will be confirmed when price falls below 1499.712 then solidifying the move once price falls below 1495.030. Both MACD and RSI show potential upside move, therefore having our two price levels around busy consolidation areas will give both indicators time to reset for the new move. -LNP Investments.
OANDA:XPDUSDShort
by tonyinvests
IVANHOE MINES LTD - TSX: $IVN Builds Its Right-SideSince recapturing its 200DMA back in February, IVANHOE MINES LTD - TSX:IVN has been trending sideways and in the process, building-out a massive base as we can observe from the Daily chart above. Additionally, IVN continues to trade above all of its important moving averages 20/50/200 and remains in fine technical shape. Furthermore, if one were to zoom-out to both the Weekly and Monthly time-frames, you can see that IVN is in the process of building-out a potential inverted H&S pattern that should such pattern materialize and complete, would suggest a measured move to the $5 - $5.25 zone. Thus, both investors/traders may want to pay close attention to the action in the days/weeks ahead for if IVN can clear the $3.65 hurdle, such development would likely trigger its next meaningful advance into northern territory.
TSX:IVN
by InsiderFinancial
Palladium Exhausted After A Huge RiseLast post: April 3rd 2019. See chart . Review: Price was finding resistance at a former support level. Update: Price has now gone into consolidation. Conclusion: We need to see how long price remains in consolidation and stand aside for now. We need a breakout from consolidation before considering any trades here. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
TVC:PALLADIUMLong
by Sublime_Trading
2
Bearish divergence evident on Palladium Spot price $XPDUSDPalladium has had a run that can be described as nothing short of extravagant. Since bottoming out recently on the 16th August 2018, we have seen the price rally from $833 to the current high of $1615. To put it into perspective, that means the palladium price has basically doubled in a space of 7 months. With the recent inversion of the yield curve and markets taking a breather on Friday, we have seen the Palladium price come off +-3% in the form of a massive bearish engulfing candle. What is also interesting to note is that we are seeing bearish divergence where the RSI indicator has formed a lower high, not confirming the higher high in the spot price of Palladium. These kind of divergences can often result in quite a strong correction in price. Although i am by no means trying to call a top to this parabolic move (which is dangerous), i think the chart is finally starting to show some signs of caution. Also if you look at the weekly we have formed a massive weekly reversal candle which could further add conviction to this bearish call. I would prefer to see the recent daily closing lows of $1516-$1517 taken out to be fully comfortable an interim top is in place. If anything, caution is advised chasing this extreme move. Perhaps we also start to see the local platinum miners on the JSE consolidate their recent strong moves $JSEAMS $JSENHM $JSEIMP
OANDA:XPDUSDShort
by MarcoOlevano
1