Palladium in trouble Break of trend, retest confirm selling pressure. Almost time to buy gold perhaps.
XPDUSD trade ideas
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: further downside potential?The price action recently tested its 200-day simple moving average and acted as some major resistance.
A price action below 2080 supports a bearish trend direction.
Further trend support below 2090.
Consolidation range from 1950 to 2040.
Crossing below 1940 might target 1860.
Crossing above 2030 might be the first sign of strength.
Lower highs and lower lows appliiable.
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XPDUSD Inside Bar Formation on 1Hr An inside bar has been formed in the XPDUSD chart on 1Hr time frame. It shows the potential uptrend of the instrument.
Palladium - 10% cash longPA hits first "ATL", used this opportunity for longer term holding.. if it goes lower, will buy next 10%
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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XPD/USDT is Moving Downwards on 1D Timeframe There is a series of lower lows and lower highs in the chart of different time frames including 1D,4h, and 1w. It shows the overall downtrend of XPD according to DOW theory.
Falling wedge pattern!Palladium is oversold. Now we are in the buy zone for medium term trade. As Chineese ecenomics opens palladium will break the wedge.
Palladium is bearish lately ⛷️Bearish Order Blocks Tutorial.
Bearish order block played out well with 1:8 RISK:REWARD!
XPDNot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
PALLADIUM update - 17/05/2022wave (2) in it's last stage, expecting wave (2) to end at 1831 (0.786 of wave (1)), critical support at 1543.
PALLADIUM SellWe are creating a Bear Flag on 1h and 4h, we can see a resume of down move on Palladium, and targeting a down move.
New high for PalladiumHigh risk of shortening of export supply by russian producers will guide palladium to new highs.
PALLADIUM - BULLISH ACCUMULATION ARCHello :)
We have 9H bullish accumulation chart of Palladium.
Targets on the move up are $2957.50 & $3433.
TA on 5h chart also gives us bullish signs
Keep it simple guys!
Until the next one
PALLADIUM - Long PositionTechnical point of view palladium find again a good support level around 2200 level. Looking forward breaking above 2500 will show strong reversal pattern.
Palladium: upside potential?A MACD bullish crossover supports a change in trend direction.
Above 2420 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Strong upside price momentum supports the trend direction.
Remains above its 200-day simple moving average.
RSI leaves enough room for further upside price potential.
PALLADIUM - Short PositionRecovery move on PALLADIUM faded after price broke above the 2,225 price zone. The 2,300 area turned out to be too tough for bulls to break and price pulled back to the aforementioned 2,225 price zone.
Palladium update - 03/04/2022still no clue that wave (2) ended, the broke above the parallel corrective channel and the key level 2337 will confirm that the bottom is placed and wave (2) in it's early stage.
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.
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