Palladium , some move up soon I am seeing this to retest the wave 4, from there we will see if it gonna be corrective or impulsive down
XPDUSD trade ideas
PalladiumTerribly bearish
Two targets one is that demand zone around 1500
But really that 1.618 zone looks juicy
Platinum is so much cheaper and having the green hydrogen industry set up around it
DISCLAIMER: Nothing here constitutes advice
Long term palladium buy opportunity We can potentially see an additional 10% drop but we’ll be buying at every bit of the dip. I believe this is a 1 in 5 year buying opportunity for palladium. Currently the recent Covid variant news is putting downwards pressure on this precious metal as its main driver of demand is through vehicle manufacturing but the suppression of price won’t happen for too much longer. Long term strategy play, a potential to test prior all time high within the next year. Let’s wait and see…enjoy the ride. ✌️
Good Buying opportunity In PalladiumPalladium trading at the bottom where the previous bull run started and is above the fib level of 0.23 which also the good support zone on daily TF.
1810 1821 and 1832 are the levels to watch any dip at those levels could be a good buying levels
Thanksgiving Is a Time to Talk About PalladiumYesterday was Thanksgiving in the USA, so the American session was very passive, and there was no particular news. Is that a local panic in connection with a new strain of coronavirus from South Africa.
Let's take advantage of this pause in the information flow and talk about palladium. Why about him and why now?
Bloomberg Commodity Index continues to grow and update the highest levels in many years. But palladium has lost 40% of its value over the past few months. Which in itself is of interest. And now we are talking about palladium because its prices have approached the key support level, and the automotive giants have reported on the results of the third quarter and we can already draw some conclusions.
Let's start by answering the question why palladium fell? In short, a shortage of chips has caused problems for car manufacturers. Extremely typical in 2021 was news such as Ford suspended the work of such and such a factory, Toyota closed such and such a factory for so many weeks, etc.
Since 84% of the global demand for palladium is generated by automakers, the decline in palladium prices looks logical. But as usual, the medal has more than one side.
Palladium has been and remains one of the most scarce precious metals in the world. According to Metals Focus, the palladium deficit in 2021 with a market volume of 10 million ounces per year could reach 1 million ounces per year. Note that the palladium market has not come out of the deficit for 5 years in a row. And it's hard to imagine a better reason for a rise in prices on the physical asset market than a deficit (ask oil after OPEC + cut production by 10 million b / d).
Will 2021 be a watershed year due to chip shortages? Judging by the current statistics on car production in the world, definitely not. Yes, the production level of 2019 has not yet been reached, but the volumes of 2020 have already been exceeded by a third (and 2020, even with a sharp decline in car production, was a year in short supply for palladium). But in addition to the quantitative aspect, there is also a qualitative one - the tightening of emission standards leads to an increase in demand for raw materials for catalysts (palladium).
The palladium supply is also not going well. The two key palladium producers in the world - Russia and South Africa - are in trouble in 2021. Russia - due to the accident at the mines of Norilsk Nickel (the largest palladium producer in the world with a share of under 40% of world production), and South Africa in recent years has basically reduced production.
Total: there is a feeling that the markets have overdid it with minus 40%. It's not that bad, and on the contrary, current palladium prices look very promising. So we recommend that you pay attention to the purchase of this metal.
Palladium Update. it acted exactly according to the analysisAs I mentioned in our previous analysis, we considered the price correction to the specified levels to be possible, which happened now that we are trading at the end of the week. . And we predict growth up to specified prices. Also, the well-formed M model has been completed and we will be deciding to start a bullish price rally in the coming days .Otherwise the current level breaks and further correction to specified levels is less likely ....
Formation of twin roof pattern and price correctionForm a twin roof pattern and modify it to the points specified in the diagram
PalladiumGood morning starts with a good trade, wolves🔥
One more formation. So get ready
The price multiple times bounced from support and resistance level.
Possible retest of the level is expected.
Follow the chart and look for the best price to enter carefully.
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PALLADIUM AnalysisAn idea suggesting bull continuation for palladium
Price can be seen to be sitting right on 4.618 of a trend that was drawn within the bull structure
This is a possible recovery point
It also aligns nicely when a trendline is drawn across the top of the two circles, providing a possible target
The green lines are strong support areas if the bull idea does not come to fruition
I'm a bit new please be nice Hi can one take a look at the posted idea and let me know what your views/what you think.
Can anyone give any advice on how you can improve on this (I am pretty new to this please be nice).
Very simple stuff but Palladium appears to be in a side trend so thinking place a pending buy or sell order just past the channels/trend lines (taking of the order which doesn't get trigged) and using a 2 ATR stop loss.
Two possible ways to the palladium goThe chances of it going up is bigger than going down, not sure how much, but I would say 70% to go up
PALLADIUM - XPDUSD BULLISH CONTINUATION ON THE CARDSPalladium - Monthly chart is making a come back after falling off the cliff in the past few months. The drop can be viewed as a much needed correction in the overall bullish trend in the metals market. Price action is telling me that palladium prices have found the floor and now price looks set to bounce back up to possibly new highs in the next coming months to years.
PALLADIUMIt may seem that PALLADIUM wants to grow. As you can see from the chart mini-downtrend has been broken with a large "bullish" candlestick. Maybe right now it's the momentum to enter. Good luck in trades, buddy.
Disclaimer: It's not financial advise and the theory is only subjective meaning of a curios trader.
expecting continued dipPrices so far have followed relatively the same pattern as predicted before. It will mostly likely retrace a bit and continue downward before reversing log term again.
PalladiumMonday, 1 October 2021
3:00 AM (WIB)
I would like to open purchase order on Palladium when the price around and near $1.908 area. My target to 0.618 F zone depending on how market reaction on this structure. I see 8% profits on Palladium should be take precisely.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Palladium || XPDUSD || Double Bottom || RR 10xThere are two TP levels; TP1 is safer - more of Throwback price to Throwback.
Chart pattern (?Reversal) herein, is somewhat similar to what is progressing on EURUSD, USDDKK, EURHKD.
It's tricky. Shine ya' eyes.
I used an fx calculator for this--
!! It's palladium not Euro/Usd. That Stop Loss might be more expensive than you thought.
Excellent window of opportunity in PalladiumGood afternoon all!
There seems to be a possible break of the channel structure currently in motion in (XPD) Palladium.
We have been witness to a series of nice impulsive and correctives whilst the channel has been in play but it seems, to us anyway, that the channel could be coming to a potential turning point in the market.
Should price complete a full breakout via the breakout and retest rules, beliefs are that price could have a surge to the upside testing highs in the region of 2120.00 and beyond.
There are however several pockets of liquidity along the way in this rise that the bulls could fall trap too so keep your eyes peeled for the breakout and retests of each individual technical level.
This could offer a great r/r if played out correctly.
If price however forms a bearish breakout/ retest of the 200EMA, it will be utlimately invalidate the long bias but equally at the same time, offer a bearish channel continuation opportunity that could have equal merit offering, again, an equally good r/r with a multitude of target levels to aim for.
PalladiumWednesday Morning, 20 October 2021
6:19 AM (WIB)
This is the most interesting ROI with very high risk result. The profits more bigger then Crude Oil and Platinum also Silver. And since the price breaks out from first resistance, I still kept my purchase orders even it hit $2.200. I don't want to wasting time with intraday trading on this. So, I try to review the chart and found beautiful head and shoulder with the most possible to hit back $2.030 area. In this area, I decide to open purchase order again because I believe the Golden Cross in 4 Hours Trading Session, will bring the price fly away high to breaks out the third resistance. But when the formation declines, I will do nothing. And still, the probability for the price to move higher is bigger than fall.
Keep watch and Notes.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PalladiumWednesday, 13 October 2021
21:46 PM (WIB)
Palladium declined to form Head n Shoulder from the resistance. But prefer to choose upside move with using 1 F as the great confidence to breaks out the highest price that I expect to be at $2.400 to $2.500. Fascinating strategy from Bulls. At this stage, I need to be careful with counter fall, because the price could be testing the highest resistance at $2.175. Since the price moving above middle lines, the buyers intensity of confidence at very high performance.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PalladiumFriday, 8 October 2021
19:12 PM (WIB)
Palladium since breaks out the first resistance running high with direction to second resistance which it seems as strong resistance at that point. As I said before, I will wait for the price to breaks out that resistance. But, when it comes fall again, I will prepare for another purchase order at first resistance that is going to be as strong support lines.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PalladiumFriday, 8 October 2021
2:27 AM (WIB)
Palladium just broke up the first resistance with forming an inverse head and shoulder at the ground. I will keep my purchase order until the price reach the second resistance.
At that point, I will try to open sell order. But when the price breaks out the second strong resistance, I will hold my order for long term transaction.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PalladiumWednesday, 6 October 2021
20:12 PM (WIB)
Palladium just broke $1.848 and still, I'm not interest to open order right now. My expectation is the price should move to the lowest point at $1.820. Where in this price there's huge buyers will set up their purchases. So, I will set up once it touch my Golden Zone Area.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
