Palladium TOPits left the black cycle. It Bounced off Solid Blue.
It might still resume climbing. I intuit that it will not.
Will Gold and Platinum begin rising again? I intuit that the demand fro Precious Metals is stronger every day.
XPDUSDG trade ideas
Palladium the Silent Bull Market and Pending CorrectlyTake a look at the chart. Price is forming another blow-off top pattern and reaching its Fibonacci price target. Expect money to flow out of this, and into Platinum for a few months.
See Platinum Chart:
XPDUSD SELL COMINGPOSSIBLE SELL COMING.
REMEMBER ITS AN UPTREND SO DO NOT MOVE YOUR STOPS ONCE PLACED.CAN BE A VERY LONG TERM TRADE.
Palladium price pumping Palladium price soars increasing by 1.8 percent and currently standing at $1561.52, as the Association of Mineworkers and Constructor’s Union plans “to embark on secondary strikes… particularly in the gold and platinum sectors.”
The Minerals Council South Africa has revealed 15 member companies have received notices to go on strike from night shift of 28 February until 07 March 2019. The 15 companies are said to consider the notice and “do everything in their power” to prevent such course.
Meanwhile, gold prices remain flat with spot gold price seen at $1,329.30 and US gold futures at $1,331.25.
XPD USD SELL (PALLADIUM - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
palladium : critical time , double top or continues 1550 ? does palladium will continues is rally to 1550 or does double top kill current bullish rally that is the big question for palladim this week
Palladium: Short opportunity approaching.XPDUSD is trading on a long term 1W Channel Up that has reached overbought levels (RSI = 83.871, STOCHRSI = 100.000, ADX = 94.173, Williams = -4.387). If the 1D RSI hits 79.00 - 80.00, we will go short with TP = 1,448.
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Palladium Short OpporutnityPalladium is flirting with 1500, all time high. While demand for catalytic converter is increasing, supply deficit of Palladium increasing helping rally since many months. 4 hourly chart shows clear negative divergence providing a short opportunity. 1450 remain near term target.
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Short Palladium @ 1,500; TP @ 1,380, SL your choiceShort Palladium @ 1,500; TP @ 1,380, SL your choice
GOLD/SILVER overrated/overcrowdedLook at Palladium absolutely ripping it while all the eyes are on GOLD .
Literally saw only one person (@Winternomics) mention it on FINTWIT. Unbelievable!
XPD/USD sell setupXPD rejected my level nicely, but is now breaking the high in what seems to be an incomplete upward corrective structure. Watch for a potential sell setup at the 1475 quarters level, which is the 27% extension of last correction. Obviously the 1500.00 level is significant also should it shoot to it.
Palladium: Trifoil ( COM ) 4hrFor the Palladium 'enthusiast'.
Platinum Jag has no logic for where it swims : so Palladium has no logic for where it flies.
Three Parabolic channels where extracted from the late '18 and early '19 action: A () Orange, B () Violet and C () Green.
B and C additions to the previous posting. the lower blue Channel is where it should be trading. before the Jag jumped away mid Aug '18.
I feel the panorama is more balanced now and can admit greater volatility.
currently The jag is in the intersection of A () and B () . C () is the correction side. B() the current soapy climb. A () catastrophically steep.
If I had to push a word on this Jag I would say 'Anti-gravitational'
Yes I'm Insane Going to short one of the most bullish charts I have seen recently. I think we're going to get a double top on a way overbought over hyped metal, this should be a really nice trade, we will see.
Palladium SHORT *Scalp only*More bearish divergence on the 4H (daily and weekly too). As we can see, each time divergence is present, we get a nice shorting opportunity before the trend continues upwards. I'm by no means calling long term TOP, but on the 4H we have topped out IMO and should get a decent dip to the mid to low 1300s, thus it's an excellent shorting opportunity for those who like to day trade. SL at the swing high. GL!
