Palladium is beginning to show strong bullish momentum. I believe this is a good opportunity for those who haven’t entered yet.
A stop-loss can be placed at $1120, or better yet at $1090 — giving the trade a bit more room to move.
Target: $1250.
On a broader scale, platinum and palladium are trading at parity, so we could potentially see a breakout toward the $1400–1450 level.
I’m watching closely for the upcoming resolution and expect a strong rally in the asset.
A stop-loss can be placed at $1120, or better yet at $1090 — giving the trade a bit more room to move.
Target: $1250.
On a broader scale, platinum and palladium are trading at parity, so we could potentially see a breakout toward the $1400–1450 level.
I’m watching closely for the upcoming resolution and expect a strong rally in the asset.
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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.