Palladium is the new Gold... Thank me later!

24 ott

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📌What is Palladium used for?
Palladium is used in catalytic converters for automobiles, in fuel cells to generate power, in jewelry, dental fillings, and electronic components. Catalytic converters convert the toxic gases from automobiles into less harmful substances.

📌How Rare is Palladium?
Palladium is one of the rarest metals on earth and even more scarce than platinum – 15 times more rare to be precise. If all the platinum in the world fits in your house, then every ounce of palladium can easily squeeze inside your living room.

📌Technical Analysis:

This week, Palladium rejected the $1000 round number and support zone and broke the Daily structure marked in red.

As long as the bulls hold, I expect a bullish continuation towards the $1700.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich