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Palladium

Palladium Futures (PA1! ), H1 Potential for Bearish DipType : Bearish Dip Resistance: 2421.0 Pivot: 2396.0 Support : 2302.0 Preferred case: We see the potential for a bearish dip from our pivot level at 2396.0 in line with 127.2% Fibonacci extension towards our 1st support level at 2302.0 in line with 61.8% Fibonacci projection. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 2421.0 in line with 161.8% Fibonacci extension. Fundamentals: No major news
NYMEX:PA1!Short
by Genesiv
Palladium Futures (PA1! ), H1 Potential for Bearish DipType : Bearish Reversal Resistance: 2461.5 Pivot: 2396.0 Support : 2303.0 Preferred case: We see the potential for a bearish dip from our pivot at 2396.0 in line with 78.6% Fibonacci projection towards our 1st support at 2303.0 in line with 61.8% Fibonacci retracement, 100% Fibonacci projection and 161.8% Fibonacci extension. Our bearish bias is supported by price trading under Ichimoku cloud indicator. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 2461.5 in line with 61.8% Fibonacci retracement. Fundamentals: No major news
NYMEX:PA1!Short
by Genesiv
Elliott Wave Analysis: Palladium With Bearish Setup FormationHello traders! Today we will talk about Palladium, its price action from technical point of view and wave structure from Elliott wave perspective. On Palladium we have noticed the top for wave (V) at the beginning of March and in Elliott wave theory, after every five waves we have to expect at least a three-wave A-B-C pullback. As you can see, Palladium turned down sharply and impulsively in March, which we see it barely as a first leg (A). After a completed wave (A), we can now see it trading in an A-B-C corrective recovery within wave (B), where ideal resistance is here at the former wave 4. So, from Elliott wave perspective, we have just got a nice bearish setup formation and we have to be aware of another sell-off for wave (C) soon. From technical point of view we see nice resistance here around 2500-2600 area and channel upper line, maybe even up to 50%-61,8% Fibonacci retracement and 2700-2800 area, but keep in mind that a reversal down towards projected strong 1500-1300 support zone may occur anytime soon. Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NYMEX:PA1!Short
by ew-forecast
PALLADIUM RALLY EXPECTEDAfter dipping 4.6% at two-moth low on Tuesday (29.03.22), to 2032.97, Palladium rose another 4.4% on Wednesday(30.03.22), when the pessimism regarding the peace talks between Ukraine and Russia increased. Russia is the biggest exporter of palladium, responsible for 40% of its global supply. Increased economic sanctions on Russia will deepen the scarcity of the metal on the global market. If the bullish move continues, the price most likely will test its 20 SMA and its previous resistance at 2600. If not, it will probably attack its low from Tuesday at 2032.97,in any eventual progress of the peace talk between Ukraine and Russia. MACD's histogram is entering bullish territory as well, but the two moving averages of the indicator have not crossed yet. RSI is also currently indecisive. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
OANDA:XPDUSDLong
by legacyFXofficial
XPDUSD LONG - Buy Entry - D1 ChartXPDUSD LONG - Buy Entry - D1 Chart - Palladium Buy @ Market Symbol: XPDUSD - Palladium Timeframe: D1 Type: BUY Entry Price: Buy @ Market TP - Resistance @ 3179.58 TP - BE - Resistance @ 2704.59 Support @ 2443.23 W1 Support @ 2300.05 PP Y1 - Pivot Point Yearly @ 2141.43 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
XLong
by UnknownUnicorn35780991
+1PALLADIUM@2412 - OPEN LONG - Target: $3,600 (+50%)Might be a good entry.. looking for at least $3,600 before the current diversion is exhausted The only reason I prefer silver & gold over palladium and other exclusive metals is that it's one step more difficult to assay and physically trade in general. You can assay gold or silver using only fire and bone ash, but it gets a bit more cumbersome to test palladium, which eventually makes it a bad apocalypse coin. Also, the margin for the physical market is really huge, at least from my experience in Egypt's market. No matter how far you refine your palladium it's going to be sold maximum at only 40-50% of the screen value. However, the demand for palladium doesn't seem to be ending soon, although a very small number of people deal it, you can see them sniffing all around the gold alley in Khan el Khalili sneaking outside dealerships looking for any traces of palladium in cast silver bars being sold. It can have all sorts of chemical, medical, and industrial applications but locally I've seen workshops use it frequently as a supplement for rhodium which became a nonexistent ATM..
TVC:PALLADIUMLong
by duot
Palladium Fakeout!There is plenty of volatility in the markets due to current events happening around the world right now and Palladium is an example of this. An all-time high was created in May 2021 at $3017. Price then went into consolidation using the weekly 200 simple moving average as support. From there, we have seen a gradual increase in price, and by the end of February, price was just $7 shy of the all-time high. The second week of March saw the breakout we were all anticipating, but this was short-lived as price has now retreated back into the consolidation zone. This is the very reason why we wait for confirmation following a breakout before jumping into positions after a long period of consolidation. This is something we make our members aware of. Many traders and investors would have taken a position in Palladium as soon as it broke out but we understand that when price consolidates for a lengthy period of time, it could form a fake breakout. We will continue to stand aside until our confirmation is met and preserve our capital in the meantime so that we can use it for high-probability opportunities. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUM
by Sublime_Trading
Gold Attempts Record High!Gold had an attempt at the August 2020 all-time high at $2075 this month but has come short of even breaking through this level. Price was only $5 away from having a shot at creating a new record high, but the sellers came in strong to ensure that never happened. What does this mean for price now? Since there has been some short-term weakness, we want to identify areas of support that price may come to. This support could act as a springboard that helps to push price back towards this all-time high resistance level. Price is now trading below the $2000 round number, so the next level of support based on this timeframe is the previous all-time high from September 2011 at $1920. There is another level just before that, which is also classified as a strong level of support, and that is last year’s high at $1959. We will have to keep an eye on Gold because if there is a breakout, we could be in store for a long-term trend lasting several years. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
$PLG - ANOTHER ONE READY TO BLOWPLG is another name in a long list of stocks that look ready to run lately for geopolitical reasons. Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Western Bushveld complex, South Africa. It also develops next-generation battery technology using platinum and palladium. Platinum Group Metals Ltd. was incorporated in 2000 and is headquartered in Vancouver, Canada.
AMEX:PLGLong
by jaykenneyTRT
THREAD #2 : Commodities Update ‼️How it works ? Ask me in comment my chart analysis of the asset you want if it didn't have already done under. If I find something intersting to say and show, I will update the idea with it. A comment of each asset expose will be post under, come react about it or debate. Before to start I want to remind that we are in a period of conflict and news can emerge at any moment with strong effect and reaction on market. So invest carefully on this hard times and reduce your loss exposition on market when you can. Don't forget to take profit too. "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" As I've already done ideas on copper last months, let's start with it. COPPER ✅ First of all, if you follow my ideas you can see it's the same chart than the 29th of December when I posted it and the 20th of January for the trade. It is attached under and I invit you to see it because it will be the continuation of these analysis. So we are always in the Wyckoff Accumulation which have been developped, pullback on creek is done, and SOS too. Unfortunetly SOS failed so for me it's an end of the pattern. By consequence major part of my position have been closed and I will explain next why I keep a little which I not do usually. Why SOS is a fail ? Simply because we have selling volume, on the resistance area, on a primary resistance (yellow line) and because we have also selling pressure in it. The work have been done for the pattern, we took profit but can't project anymore in a term of "Wyckoff accumulation" of a bull continuation. So what to expect now from it ? The standard expectation after a failed SOS is to go back on the support area, usely rapidly and strongly, and invert the pattern in a way that we will now test the buying strenght on support. So we can expect a retest of support with an SOS to see, if it succeed, a bear continuation. That my scenario (a), and technically the most probable for me. BUT we have to live with our time and with the macroeconomic dynamic that we deal with. I will not hide that if the conflict between Russia-Ukraine continu and maybe gets worse, this will be a boost for every metals assets. That why I closed only 80% of my position, I can't advise to take long position anymore but it's could be wise to take profit and keep a part of your position if you are already in it. We can handle the technics evolutions but we can't handle the macroeconomic evolutions. If it this scenario (b) happen, we will see the construction of an LPS around $4.60 before to break up to the target around $5.70 in a first time. Take care of volatility, it will swing. GOLD ✅ Like for the copper, the chart don't have change since the commodities update of the 20th of January. We are coming to the end of the bull scenario. I invit to take profits on the conjoncture of the resistance area and the (2c) resistance. There is no interest to sell a refuge asset like gold, even more in this time of conflict. So if there is selling signals take it like an opportunity to buy it lower. Especially here, we will wait for buying signals on the (1b) or (1a) support and the best case would be the support area of $1,700 - $1,675 but far from now. For peoples already exposed on it, if it continu is bull movement and breakout the resistance area, we will be in price discovery so it's always hard to find targets in it because of volatility, but I don't expect it to go higher than $2,500 - $2,600 where we will probably find a big selling pressure. SILVER ✅ Like targeted in the last commodities update we are now on resistances of the downward channel. I don't expect a breakout of (1b) and the resistance area, so for me we will see the construction of a range between them around $27 and $29. The biggest probability for me is a bull outcome of the range to target the (1c) resistance (scenario A) and probably more after. If we reject the resistance strongly after lateralization I expect price to go deeply retest the (1a) support around $20 (scenario B). And finally if we see a reject of (2a) / (1b) soon, we could expect a short consolidation to (2b) before to go back again to the resistance area (scenario C). Like every metals, It would be dumb to expose yourself on the bear side in a period of conflict. More wise to wait consolidation and signals around the orange circles areas. PALLADIUM ✅ Palladium is another successfull prediction we had in the last commodities update. In term of evolution now it is very close from the copper analysis because we made an SOS which has also failed. So technically, the biggest probability is to see it go down on the (2b) line in a first time (scenario A) maybe more with (1a) before to retest the resistance (1b). If the macroeconomic dynamic bring it higher we could see an interesting area to enter on a buying signal on the pullback on (1b) (scenario B). Else we could go straight to (1c) around $4,500 - $4,600 before to see a strong selling pressure on price discovery. PLATINUM ✅ Platinum is also targeting the prediction of the last update. In term of perspective now it's more blurry for it. The most interesting pattern that we could see is for me a reject of (2a) to go down to (2b) which could be a nice entry on signal around $950. Else, probabilities to see it continu on the bull side are strong but I'm not confident on any areas, except the support of $860, to target entries once we will reach the resistance area of $1,340 - $1,270. CRUDE OIL ✅ I said in last update : "If I had an advice to give : stay away or be on short timeframe on this asset. Too much risk to see price manipulated by news on this public interest asset." and so after +30% in a week we have to look back on montly timeframe to search resistances. I believe in the fact that it will fall as rapidly as it surged and I also believe in the fact that we will not stay a long time at this level. Oh .... wait ! Just don't take care of what I just said, like the last commodities update it's just a manipulated asset and price will go where OPEP want to see it. So stay away of it. For those who really want my technical analysis it is : I think we can do an ATH just to say : "It's all time high !" but we will find a strong selling pressure because of (1b) and fall down rapidly. WHEAT ✅ Similar to oil technically, boosted by the macroeconomic context we did a new ATH and seen a strong selling pressure. However I don't think it's wise to sell it. We totally outbreak the range we was looking to in the last update, now if we break the resistance it could go really high but you will be attached to macroeconomic news so I advise to also stay away of it in both side.Take profits if you are exposed on it. SUGAR ✅ Rectification from the last update : we are always in the Wyckoff reaccumulation. I thought it failed because of the candle of the 10th of January but it seems to be an anomaly of market and the structure around the 28th of February confort me in the fact that it is a spring. Now we have jumped over the creek so the best area to target entry is, like for the copper pattern, the pullback on the creek. It's exactly the same pattern that we had on copper now, so just wait signals. If it go straight without pullback just let it go and don't buy in the resistance area before a breakout, there is a lot of resistances which will bring many pressure I think for the SOS. 🛑 Like, follow or comment if you like, it give me some strength to continue! 🛑
COMEX:HG1!
by Kentg
26
One of the best spot of 2022 already here AND commodities updateFirst this idea is attached to another idea I've posted last year, you can find it attached to this one and it explain all the pattern we are working here: the Wyckoff Reaccumulation on Copper (HG1!). So you will find here, my entry, my plan for this trade and the update about the related idea. I will also do an update about the materials market, expectations and targets in form of a thread in comment so don't forget to follow the idea to see it. So first the update of the related idea. I said for the end of the Wyckoff reaccumulation pattern that I didn't expect a spring, and my poisition about it is always the same. It will be interesting to see if buying volumes continues to grow, but if it's the case it will be the confirmation of that statement. For the moment, I think we are targeting the resistance area and an SOS to see if we could expect the confirmation of the global pattern and so a bullish continuation. I also said that I will aim for an entry on the retest of the creek. Retest happened exactly on the January 6th for the bottom and I didn't find interesting setup to entry on it, so that why I waited a little to find a setup that could satisfied my interest: We can see on chart two channel, which have already both gave their target (a is the base support, b is the resistance, c is the target). What interest me here is the reaction on the pullback of (b) resistances of each one. Pullback on (2b) is a perfect V-Turn and pullback on (1b) is an accumulation (I would have preferred if it was an U-Turn but we have an akward double bottom in it). The structure in volume in this accumulation range is good, we have nice exhaust volume before, buying volumes are bigger than selling volumes (that what we want in a range and also when volumes are impacted by sessions to read them, typically on hourly timeframe) and to finish we have a nice breakout with buying volumes so the setup is completed. Now in term of plan, in a question of regularity in profitability, I'm looking for a ratio of 2:1 which bring us in the resistance area (which is good with our plan of Wyckoff pattern which expect an SOS around here). Exception here, because of the Wyckoff Reaccumulation pattern I don't expect a full target, but only around 40%, then 20% on the first SOS and to finish (if the SOS setup is convincing of course, else it will be out before) last 40% on the 1st objective of the Wyckoff pattern around $5.688 . It's really important to take multiple profit when you are on long term timeframe. The more you are on market the more there is risk to see change in patterns, in dynamic macroeconomic ... And so, less your probability of success is high. So take profit, fix targets/price and don't be afraid to take profit at the top, don't wait market to fall back. Else, secure your earnings, you can't lose money on winning trade! That why for my trades, I'm mostly breakeven at 1:1 ratio. Another time, I invite you to check the first idea I posted, attached to this one. Now I think we made the turn for copper, if you have questions be free to ask me in comments. I will now update the idea with other commodities perspectives. I will comment only those where I have identify patterns in my strategy with area to target for entry. I think metals assets will be one of the key of 2022, most of charts are well oriented to see bullish progression, macro-economically it is also oriented in that way.
COMEX:HG1!Long
by Kentg
Palladium is crazy!!!Palladium gained 40 percent this week! A high amount of Palladium comes from russia, that means the amount that can be sold is falling dramatically, good for the price! Palladium formed a crazy parabolic curve and even broke above main resistance! Palladium needs a healthy correcture! I think a retest of 3k will happen in the next few days, the volatility is very high, but falling in the short term. Also 3.4k is a very strong resistance! buy: around 3k take profit 3.4k stopp loss 2.950k A always this is no financial advise! Do your own research! Have a nice and profitable Monday!
PLong
by HenrikDaCrypto
PALLADIUM MNT: 300% GAINS TP 10 000 USD (NEW)(SL/TP)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! PALLADIUM MNT: 300% GAINS TP 10 000 USD (NEW)(SL/TP) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: PALLADIUM MNT chart review ::: chart is LOG SCALE ::: commodity super cycle in progress ::: 5 waves bullish sequence in progress ::: Price target in 2022 is 8 000 - 10 000 USD ::: global inflation driving prices ::: supply shortages / critical levels ::: supply chain disruptions driving prices ::: geopolitics triggering vertical market ::: recommend to BUY/HOLD BUY DIPS ::: 12/24 months as global economy ::: this is a long-term bullish market ::: BULLISH CYCLE is ON BUY DIPS ::: BUY/HOLD get paid / swing trade setup ::: BUY ANY DIPS / final TP BULLS is 10000 USD ::: 300% upside from current market price ::: WAIT for dips and reload (BULLS) ::: recommend to BUY/HOLD ::: recommended strategy: BUY/HOLD ::: bullish super cycle in coffee market ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: 2500USD fresh demand zone ::: 10000USD fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BULLS / MORE GAINS ::: Sentiment outlook mid-term: BULLS / SUPER CYCLE RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
PLong
by ProjectSyndicate
8
DXY on Breakout Watch at the 618 - DXY Breakout = BTC BreakdownDXY on Breakout Watch at the 618 - DXY Breakout = BTC Breakdown Gold on breakout watch as well at the 618. Moving some crypto to PAXG S&P Possible bull trap - VXX and selling VXX Weekly covered calls has paid well since covid ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
TVC:DXY
by UnknownUnicorn7216011
PALLADIUM THE WHITE KINGAMEX:SPPP 80% of Palladium comes from two main countries like South Africa and Russia. Since Dec 16th, 2021 Palladium has grown 68% in 72 days, less than 3 months. Palladium prices will potentially increase due to the supply pressures of palladium not moving from Russia due to the tougher sanctions stemming from the Ukrainian invasion. Roughly 50% of the worlds Palladium is produced in Russia. Banks, businesses and other countries will not be able to buy or do business with Russia, therefor causing palladium to potentially surge and breakout in my opinion due to the high demand of 8 million ounces the world needs every year. Palladium is currently at $2,364 per ounce--In any given general year approximately 10 million ounces of supply are provided a year for palladium. 7 million come from mines from two main countries like South Africa and Russia. The other 3 million come from recyclable palladium. "In 2000, both Russian and South Africa failed in suppling palladium which resulted in palladium increasing from around $200/oz to over $1,000/oz within a few months." So I can imagine based on the current economic situation how Palladium will perform in the future considering higher and multiple interest rate hikes, covid, inflation over 7%, War in Ukraine and World Wide market corrections, crashes and meltdowns as just a few examples of the abundant variables that could make palladium the contrarian investment to watch for 2022. 2020 was just the beginning in my opinion for palladium prices to start breaking out. In 2020 alone, platinum prices have climbed more than 90% (for the period 3/20/2020 to 3/26/2021) according to Sprott special reports and charts which I have personally observed. I have taken a position in the closed ended ETF by Sprott ticker symbol SPPP and will be increasing my position as I see fit as a long term investment and not as a trading asset. Thank You, CryptobuzzAnalyst-Contrarian Investor and Trader PS. This information should not be construed as trading or investment advice. This is only for entertainment and educational purposes. You should perform your own diligent research and be responsible for your own actions.
TVC:PALLADIUMLong
by CryptoBuzzAnalyst
Palladium: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Palladium. The chart is self-explanatory. Palladium Price has been moving up a Rising Channel recently but the overall trend looks like a Bearish Divergence. Since the RSI was recently supported by a support line, the price has the chance to keep moving higher, however if the price breaks down from the Rising channel, it may come down to the 0.618 Fibonacci Retracement level where the measured move is as well as that area being a strong Support and Resistance zone. If price moves up from the rising channel, expect it to be met with resistance at the multi-year resistance line. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:PALLADIUM
by MillionaireEconomics
1
Gold Verging On A Breakout!Gold has made good progress this month, forming a strong bullish candle despite being in an area of consolidation. Price ultimately needs to break above the August 2020 all-time high at $2075, but there is another resistance level in the way at $1920 from the September 2011 high. This month’s candle pushed above this level, but the sellers have pushed price back below. If February closes below $1920, then this will be a confirmed fake breakout, and as we have one trading day to go for February, this seems likely. Gold is an asset that requires plenty of patience, and those holding Gold long-term would not have seen any progress in their investment since September 2011. The main thing is that when Gold trends, it usually lasts several years and produces good profit over time. This increases if you are compounding along the way, something which we ensure our members are doing to maximise profit. We will watch Gold closely and take advantage of any trends should price break above the all-time high. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading