PALLADIUM trade ideas
Palladium Leader In Precious Metals SpacePalladium stands out in the precious metals space.
While gold and silver have been routed by higher yields + stronger USD in the past few months, Palladium has been building a series of higher lows since June.
On top of this, price continues to trace out a 5 month base.
Palladium idea (19/09/2022)Palladium
The rise of the metal depends on the support point 1952.29, to achieve the bullish trend, we expect the correction in wave ((ii)) not to end. We may witness an extension of the bearish correction to the level of 78% before reversing and rising again,
Palladium: Bear market rally continuesThe daily palladium chart shows some interesting technical developments.
On September 8, the price action saw a 4.5% daily gain, which broke both the 50-day and 200-day moving averages. Previously, the same breakouts also occurred on July 7 and 8, but in two separate sessions.
With the September 6 lows, a short-term bullish channel may have formed, supporting the palladium bear market rally thesis.
The area between $2,190 and 2,193 is where buyers are now encountering some sellers’ resistance.
If this hurdle is broken, the next one is situated at $2,233 (15 August high), and after that $2,300 (11 August high).
The MACD exhibited a bullish crossover at the zero line. On July 22, the same signal occurred, which then served as a driving force behind the rally to mid-August highs.
Palladium is 37% lower than its March peak, indicating that the major trend remains bearish. To revert this trend, palladium prices must rise decisively above $2,612 (50% Fibonacci retracement of 2022 low-high).
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
PALLADIUM | Trade At The S/RThursday, 08 September 2022
06:57 AM (WIB)
The chart shows Palladium price still not hit the Support lines since the price reached the Resistance. And the best safety first to trade in Palladium at Support or Resistance. Noted.
Metals Palladium idea (06/09/2022)Palladium
The rise of the metal depends on the support point of 1787.50 to achieve the bullish trend, and we expect the bearish correction to continue in the near term to end the second wave of the correction before rising again in the third impulse wave. This downward correction depends on the end of wave ((C)) at 1960 prices, or the decline continues to 1887 prices before rising again
XPDUSD Sell @ 4Hr 02-Sep-22The perfect head and shoulder Pattern @ 4 Hr, long-term trade
Sell @ 1970
SL: 2300
TP1: 1820
TP2: 1670
Metals Palladium idea (30/08/2022)Palladium
The rise of the metal depends on the support point of 1787.50 to achieve the bullish trend, and we expect the bearish correction to continue in the near term to end the second wave of the correction before rising again in the third impulse wave. This bearish correction depends on the ending of wave ((b)) below the resistance point 2301.85
Palladium/U.S Dollar idea (26/08/2022)Palladium
The rise of the metal depends on the support point 1787.50 to achieve the bullish movement, and we expect the bearish correction to continue in the near term to end the second wave of correction before rising again in the third impulse waves
PALLADIUM | A Highlight BriefThursday, 25 August 2022
13:33 PM (WIB)
I want to analyze the movement of Palladium, regarding it still in the lowest price of $1.950 and the highest price at $2.300. Now the price moves at the middle lines of this ascending box. With several times move above the MA200 and vice versa. It seems the MA50 and MA200 in this chart did not work as well as the signal. So, I should be preparing to watch when it comes near the Support and Resistance area to trade in this Palladium.
Metals Palladium idea (24/08/2022)Palladium
The rise of the metal depends on the support point 1787.50 to achieve the bullish movement, and we expect the bearish correction to continue in the near term to end the second wave of correction before rising again in the third impulse waves
Geopolitical Analysis : Wild Palladium Rally [Ukraine Crisis]
A. Element
1. Palladium is a chemical element with the symbol Pd and atomic number 46.
2. It is a rare and lustrous silvery-white metal.
3. It is discovered in 1803 by the English chemist William Hyde Wollaston.
B. Platinum group metals (PGMs)
1. Palladium, platinum, rhodium, ruthenium, iridium, and osmium form platinum group metals (PGMs).
2. They have similar chemical properties.
3. But, palladium has the lowest melting point and is the least dense of them.
C. Application of palladium
1. Catalytic converters (convert as much as 90% of the harmful gases in automobile exhaust into harmless substances)
2. A key component of fuel cells in which hydrogen and oxygen react to produce electricity, heat, and water.
3. Dentistry
4. Medicine
5. Hydrogen purification
6. Chemical applications
7. Groundwater treatment
8. Jewelry
9. Electronics
D. Occurrence
1. Russia
- Norilsk Nickel: 39% of the world's production
2. South Africa
3. Canada
4. U.S
E. Palladium producers
1. Norilsk Nickel (MCX: GMKN, LSE: MNOD), palladium powder, and ingots
2. North American Palladium (NYSE: PAL), Canada's largest producer of palladium operating the Lac des Iles palladium mine near Thunder Bay, Ontario.
3. Stillwater Mining (NYSE: SWC), a major North American palladium miner in Montana.
Palladium in trouble Break of trend, retest confirm selling pressure. Almost time to buy gold perhaps.
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
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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.
