Tag: palladium

Palladium Futures To $4,628?

Posted on by Aibek Burabayev

Last summer I spotted a hot trading opportunity for you with 45% potential gain as Palladium futures were set to retest the all-time high. The progress was not as nimble as I thought; however, the target was reached this April as the price even overlapped it. Most of you supported that option, and I hope you enjoyed that gain.

Weekly palladium Chart

It looks like this champion metal offers another stunning opportunity for traders.

The crawling move to the upside since 2016 with a rocket style ending in 2019-2020 was marked as AB part. Continue reading "Palladium Futures To $4,628?" →

Gold Falls As Silver Misses Target

Posted on by Aibek Burabayev

Both top metals couldn’t sustain the growth, although silver was more convincing than gold this time again.

Let’s start with the updated gold chart below.

gold
Chart courtesy of tradingview.com

Gold is still consolidating as it couldn’t overcome not only the nearest peak of $1766 but it also failed right at the top of the AB segment of $1748. The RSI dipped into the bearish zone below the crucial 50 level. So, it’s the right time to put our classic instrument called Fibonacci retracement level as gold watches ground while both feet are in the air. The first important 38.2% Fibonacci retracement level could offer support at $1636. Continue reading "Gold Falls As Silver Misses Target" →

Are Palladium, Gold And Silver Set To Takeoff?

Posted on by Aibek Burabayev

In this post, I'll go over the charts for palladium, gold and silver, but first I would like to start with palladium futures as it has the most potential gain to reach this round. At the start of May, I shared with you the map with equal opportunities for this champion metal to either break up or down. Here is how you saw the future for palladium in the graph below.

Palladium Poll

The majority chose the “break down” option, although with a minor advantage, but this bet played out as the metal’s price dipped one more time in the third leg down of a large correction. You were right again!

Now, let’s get down to the hot opportunity that I spotted for you on the palladium futures daily chart as it’s worth watching on the Gold & Silver Primetime.

Palladium Gold Silver
Chart courtesy of tradingview.com

The chart structure of palladium futures on the daily time frame could indeed be posted in the trading textbook as it is neat and smooth. I put detailed explanations here and on the chart as this metal gives such an excellent opportunity for education. Continue reading "Are Palladium, Gold And Silver Set To Takeoff?" →

Palladium Is At Decision Point: Fly Or Die?

Posted on by Aibek Burabayev

Sometimes forecasts play out right after it you post on the Blog. This was true for the piece published in February when I wondered if “Another All-Time High Ahead For Palladium?”. The target set in the daily chart in the $2800 area was reached within 10 days as the metal burst into uncharted territory to book a hefty profit of 22% or $500.

To remind you, I suggested three possible scenarios of how the palladium price could go in February. The original chart is below to refresh your memory.

Palladium
Chart courtesy of tradingview.com

Below are your votes on the future of palladium. Continue reading "Palladium Is At Decision Point: Fly Or Die?" →

Is Another All-Time High Ahead For Palladium?

Posted on by Aibek Burabayev

Before we start to analyze the mighty metal, I would like to mention that the crude oil futures Buy Setup was triggered last Friday as the futures price broke above $52.25. Please mind the risk if you trade and I wish you good luck there.

Now let’s get down to the metal. Earlier this year, we pushed a new Pendulum with regular champ palladium on board. Before you bet for Pendulum winner, I tailor charts for pitted instruments and so I did for palladium using the daily time frame. The outlook was quite ambitious as the bullish target was set at $2140 while the price was hovering around the $1900 level. The majority of you chose the former winner palladium as a new winner again against the logic of the experiment and I don’t blame this choice as this precious metal hits all charts amid strong demand. That target was reached within a week after the post had been published.

I detected a promising pattern on the daily palladium chart and I would like to share it with you as it still emerges.

Palladium
Chart courtesy of tradingview.com

Palladium futures hit the all-time high at $2427 on the 23rd of January. It’s quite natural that the correction followed as traders have booked profits after the price reached another record. Continue reading "Is Another All-Time High Ahead For Palladium?" →