Palladium is neutral on its 1D technical outlook (RSI = 53.239, MACD = 35.410, ADX = 35.074) as the price is approaching the bottom of its Channel Up. Even though ideally we would like the 1D RSI to drop under 45.000 before a buy opportunity emerges, the price isn't only near the 4H MA200 but also just over the 0.618 Fib, which is where the previous HL was priced. The first HL on the 4H RSI will be our buy entry. We maintain a conservative short term perspective, aiming for the 0.236 Fib (TP = 1,185).
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.