Possible BULLISH triangle on 2hrWe are completing the final wave of the bullish triangle. Long if no breakout below the neckline. Goodluck.
XPDUSD trade ideas
PALLADIUM to down 86%Have you noticed something? 1980 | 2001 years were the declining years for it. And the bearish period longed about 2 years with a 86% decline from it's ATH. As you noticed the bearish period comes in every 21 years! This year is: 2022 and tend to be the next 2 bearish years for Palladium with a target $400-$500 (86% decline from ATH, the last ATH was at 3000 price).
Good luck in trades, buddy.
PALLADIUM - Short PositionPalladium slipped 4.6% to $2,252.68 per ounce, after fears of supply disruption due to the Russia-Ukraine conflict drove it to a two-week high on Monday.
Bullish on PalladiumWhy am I long on Palladium?
- The majority of palladium supply comes from Russia and Ukraine, and with current economic conditions, a supply shortage (aka price increase) is likely.
-Inflation is out of control in. When almost every other country's currency bleeds against the US dollar, this is not a good sign. Precious metals to the moon!
- A bounce off the long term upward trend line is pretty bullish and shows that although the current price seems high, there could be a lot more upside ahead.
Palladium - a small short before the move higherPalladium has just provided three reasons why I will look for a retracement before looking for the long.
1. Market has reached a trend line connecting tops - 9 month span
2. Market has hit the 1.272 from high 18th Nov (double top) - low 31th Dec - the 1.272 is the pink line. Note: We need to take in to account the larger swing from Dec15 - present.
3. Market has hit the 618 of the last big swing from high May 21 - 31 Jan - the black line is the 618
From here we look for a pullback to the 382 that happens to be a strong support zone - light blue line
After the pull back we go LONG with an ABCD pattern and the top of our range box to reach our target.
Palladium - Still not too late exit Buy- Reversal in progress Palladium - Still not too late exit Buy- Reversal in progress. Keep tune up for the next update.. watch out for the reversal.
Can we reach 2505?!We've seen some impressive rally in January and we can still sense the presence of the bulls therefore today we gonna aim for 2505 as take profit target.
Short Nice short opportunity on palladium . It is important you scale your position relative to account size . I recommend loading up as trend takes shape .
PALLADIUM SHORT ANALYSISHi there,
As you can see, there's a DIVERGENCE happening on the RSI and MACD. As price action is going up, the RSI and MACD are reversing. So We should expect to see a FALL at least 50%.
PALLADIUM DAILY BUY SET UPHi TRADERS this is my trade set up for PALLADIUM for the new week ahead
PALLADIUM I am expecting a break above the 22066.50 level , so I am only looking for a buy trade after this break out
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please like comment and follow
XPDUSD Friday 21st Jan '22This is my play for the day., Palladium short term moving region for Friday 21st Jan '22
PALLADIUM (XPDUSD) Breakout !!PALLADIUM (XPDUSD) has given a breakout from falling trendline and is sustaining above it.
We are expecting bulls to continue their attack and break all minor resistance. A buy on dip stance should be adopted with calculated risk one can ride the uptrend.
Trade your levels accordingly.
XPDUSD Tuesday 18th Jan '22Due to the MLK holiday in US, yesterday we didn't saw much of a movement in the Palladium chart therefore we are about to stick with the same idea from 17th, a short movement up in attempt for a support growth around 1920 (sell) followed by immediate turndown looking towards 1821 (take profit)
Is palladium okay? PALLADIUM There has been a massive drop on palladium (at least on this ticker) showing a pullback to about $900.
XPDUSD forecast for 2022Palladium is so far the biggest looser since the COVID, all of the relevant factors kept it from recovery due to the lower demand in automotive industry which made palladium popular in first place. Considering the inflation and very uncertain demand I think palladium will once again test it's lowest support and then skyrocket towards $ 3K.
PALLADIUM- Updated chart (Price at resistance)XPD/USD bears aim for 50-DMA during four-day downtrend
NEWS | 1/3/2022 5:34:27 AM GMT | By Anil Panchal
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Palladium stays pressured around intraday low, keeps pullback from five-month-old resistance line.
50-DMA, 23.6% Fibonacci retracement level limits immediate downside.
11-week-old horizontal line adds to the upside filters.
RSI retreat, failures to cross immediate hurdle signal for the downside.
Palladium (XPD/USD) fades bounce off intraday low, down 0.12% on a day around $1,919 during early Monday.
The precious metal rose to the highest since November 22 before stepping back from a five-month-long descending resistance line during the last week.
The pullback moves do gain support from the RSI retreat, which in turn directs the sellers towards a convergence of 50-DMA and 23.6% Fibonacci retracement of May-December south-run, near $1,885.
It’s worth noting that September’s low surrounding $1,849 may offer an intermediate halt during the quote’s downside past $1,885 before the bears can aim for the $1,800 threshold.
Meanwhile, recovery moves need to cross the stated resistance line, around $1,965 at the latest, to recall the buyers.
Even so, the $2,000 psychological magnet and tops marked during October-November, near $2,180, will be tough resistances to cross for the XPD/USD bulls before retaking the controls.
Our chart worked really well again. Take a look:
One Love,
the FXPROFESSOR
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.
At the end of the correction? It is quite possible that 2022 will be a special year for precious metals. But here first on a short distance, how the course could result.
Pall GeotimeWe have approx 10 year cycles
It's been in a bubble due to dieselgate etc
Green hydrogen is being set up around platinum
This will lose ground to platinum
It's a short in four figs for me
NOT TRADING ADVICE
Has Palladium Made A Bottom?This is unclear of yet but it's looking quite likely that a bottom may be in, Have spotted a few confluences to add more confirmation - time will tell.
PALLADIUMPalladium chart is a train wreck
I would be very surprised if it doesn't visit the corona lows
And even with a significant bounce it's likely to be in a bear market for sometime
NOT INVESTMENT ADVICE
Note- action-reaction chart in log
Also- smacks of a slowdown/demand-side problems in 2022
