Palladium
Metals Palladium idea (06/09/2022)Palladium
The rise of the metal depends on the support point of 1787.50 to achieve the bullish trend, and we expect the bearish correction to continue in the near term to end the second wave of the correction before rising again in the third impulse wave. This downward correction depends on the end of wave ((C)) at 1960 prices, or the decline continues to 1887 prices before rising again
Metals Palladium idea (30/08/2022)Palladium
The rise of the metal depends on the support point of 1787.50 to achieve the bullish trend, and we expect the bearish correction to continue in the near term to end the second wave of the correction before rising again in the third impulse wave. This bearish correction depends on the ending of wave ((b)) below the resistance point 2301.85
PALLADIUM | A Highlight BriefThursday, 25 August 2022
13:33 PM (WIB)
I want to analyze the movement of Palladium, regarding it still in the lowest price of $1.950 and the highest price at $2.300. Now the price moves at the middle lines of this ascending box. With several times move above the MA200 and vice versa. It seems the MA50 and MA200 in this chart did not work as well as the signal. So, I should be preparing to watch when it comes near the Support and Resistance area to trade in this Palladium.
Gold Gearing Up for a Breakout?Gold is testing the low 1800's, breaking past 1800, but just barely. We are currently sitting at 1805 at the time of this writing. We appear to be forming a bull wedge pattern, potentially gearing up for a breakout. The Kovach OBV is still bullish, potentially indicating a bull divergence. If we are able to break out, then the next target is 1815, then 1826, then 1836, which coincides with the .786 Fibonacci level. If we retrace, we should have strong support around 1780, the 50% Fibonacci level.
Geopolitical Analysis : Wild Palladium Rally [Ukraine Crisis]
A. Element
1. Palladium is a chemical element with the symbol Pd and atomic number 46.
2. It is a rare and lustrous silvery-white metal.
3. It is discovered in 1803 by the English chemist William Hyde Wollaston.
B. Platinum group metals (PGMs)
1. Palladium, platinum, rhodium, ruthenium, iridium, and osmium form platinum group metals (PGMs).
2. They have similar chemical properties.
3. But, palladium has the lowest melting point and is the least dense of them.
C. Application of palladium
1. Catalytic converters (convert as much as 90% of the harmful gases in automobile exhaust into harmless substances)
2. A key component of fuel cells in which hydrogen and oxygen react to produce electricity, heat, and water.
3. Dentistry
4. Medicine
5. Hydrogen purification
6. Chemical applications
7. Groundwater treatment
8. Jewelry
9. Electronics
D. Occurrence
1. Russia
- Norilsk Nickel: 39% of the world's production
2. South Africa
3. Canada
4. U.S
E. Palladium producers
1. Norilsk Nickel (MCX: GMKN, LSE: MNOD), palladium powder, and ingots
2. North American Palladium (NYSE: PAL), Canada's largest producer of palladium operating the Lac des Iles palladium mine near Thunder Bay, Ontario.
3. Stillwater Mining (NYSE: SWC), a major North American palladium miner in Montana.
Gold Caught Between Fibonacci LevelsGold has made another run for highs after finding support just below the 50% Fibonacci level at 1770 or so. We are currently contending with 1795, the level just below the 0.618 Fibonacci level. We are seeing strong resistance forming at these levels confirmed by multiple red triangles on the KRI. From below, we have strong support at 1770, confirmed by green triangles on the KRI. It is likely that gold will hold the range between 1770 and 1800, unless more momentum comes through. A breakout could take us through the vacuum zone above to 1815. If we break down, watch for support at 1758, the 0.382 Fibonacci level.
Joe Gun2Head Trade - Buying a dip on PalladiumTrade Idea: Buying Palladium
Reasoning: Finding support at the 61.8% Fibonacci level
Entry Level: 1939.95
Take Profit Level: 2080
Stop Loss: 1911.05
Risk/Reward: 4.86:1
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PALLADIUM Buy signal to the 1D MA50.Palladium (XPDUSD) has been trading within a Falling Wedge pattern since late March and below the 1D MA50 (blue trend-line) since April 21. With the 1D Death Cross having been formed (when the 1D MA50 crosses below the 1D MA200), the market seems to be pricing a bottom, rather than preparing for a deeper fall. This is similar to the late September - October 2021 Support formation, which gradually rose above the 1D MA50.
As a result, with the 1D MACD also on a Bullish Cross, we are turning bullish on Palladium, aiming at the 1D MA50. Note that the ultimate long-term Support of the 1W MA300 is now above 1600. This is holding since January 03 2017.
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PLG 500% rise ahead. PLG 500% rise ahead. PLG is a Canadian-based palladium and platinum mining company. The company owns one of the world's largest palladium deposits in South Africa. This palladium deposit is located in Waterberg County. It is located close to the surface and can therefore be mined at low cost. PLG's subsidiary PTM holds all the mining licences from the South African authorities. The mine was temporarily blocked by some environmental NGOs, but the objections have now been resolved. Construction of the mine could start soon. The Russian-Ukrainian war, which has caused the loss of nearly 30% of the world's palladium production, has become a pressing issue. Another factor that often causes concern is that starting a mine is expensive, so mining companies raise money by issuing shares at the start. As this means share dilution, initial share investors are hurt. They therefore avoid investing in the company. It was interesting to see that PLG has gone down a similar path, but a few months ago it was seen that it intends to raise external investors to cover the costs of building the mine, rather than share dilutions. The interest is significant. At a mining conference in Cape Town, South Africa, on 6 May 2022, the Japanese National Oil, Gas and Metals Corporation (JOGMEC) signed a sponsorship agreement with PLG's South African subsidiary (PTM), committing to advance the Waterberg Palladium mine project. www.meti.go.jp
Let's move on to the technical picture. The chart in the analysis shows a double fractal sequence. The green squares show the rising fractal sequences and the yellow squares show the corrective fractal sequences. Fractals are wave sequences with the same shape and percentage size. This is what we see in this case. Since the shape and percentage size of the corrective fractals are the same, we can assume that the rising fractal sequences will also be the same in shape and percentage size. This now means that we expect a rising fractal with a size more than twice the size of the previous rising fractal. In other words, the current exchange rate is on the verge of a near 500% rise. The target price for this is : 13.14 usd.
AUMN - The Best 3-Year Setup I've Ever SeenIMO, Golden Minerals, AUMN , has arguably one of the best and most bullish setups I have ever come across. It will be fun watching this one play out. Amazing risk/reward play with easy invalidation levels as well to protect yourself in this trade.
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