Trade Palladium with Unum Capital.
To get started, email lester@unum.co.za
Palladium has given traders two opportunities to accumulate, both of which have resulted in a profitable outcome.
We discussed it on 14 November at a price of $923. Yesterday (Friday) it closed at a multi-week high of $1067.
We then re-iterated our view on 10 January
Previous Post (10 January): Palladium's Pattern Play
The price action model suggests that Palladium is currently attempting to move higher in a bullish regime over the short-term. However, the 14-day trend is rangebound, indicating potential for consolidation or pullbacks. In such cases, traders can use the previous session's close or the 8-EMA as potential accumulation zones. The medium-term outlook is uncertain, while the long-term trend is showing signs of a potential reversal from a downward trend.
Palladium (XPD/USD) Daily Chart ...Notice Anything?
Previous Post:
Tuesday 19 November 2024
Code: XPD/USD
Solid reversal off oversold levels with a move from $923 to $1004.
Previous Post: Similar To The Previous Setup. Here's What I'm Seeing
Thursday 14 November 2024 (Time: 08h02)
Aggressive sell-offs come with risks but also create opportunities.
Look for a slowdown in downward momentum to signal that a potential rebound is coming.
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