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Palladium Forecast: The dream came true and there is more to go

Palladium Forecast: The dream came true and there is more to go

Last year we entered a long trade on Palladium at 1125 USD. Our midterm target was 1350 USD. We have reached our target.

However, as I mentioned in my forecast, the longer term targets of the Palladium prices are higher. I called it the “New Gold”.

The reasons were very well explained. You can read the forecast PALLADIUM.

I wrote that 1350$ is not a dream. The traders who invested in Palladium futures instead of spending time with gold trade made fortunes.

Even the global growth concerns, trade wars could not stop the metal.

Positive news from the US- China trade talks will boost the bullish momentum. RSI has rooms for upside.

I just want to give the levels: 1375, 1437 and 1500.

Good Luck

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

 

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