Palladium has been on an absolute tear recently, its massive rally in the second half of last year puts even gold to shame. It's one I wish I didn't miss out on.
Could it be consolidating, in this bull flag, for another major move higher? After all, Platinum is catching a bid too. They could all rally together on a precious metal bid. Or, it could be overextended, and need a pullback to 1150.
One could attempt a long with a tight stop under 1400. But definitely I think one should set an alert if it drops to 1150 as a strong buy level.
Could it be consolidating, in this bull flag, for another major move higher? After all, Platinum is catching a bid too. They could all rally together on a precious metal bid. Or, it could be overextended, and need a pullback to 1150.
One could attempt a long with a tight stop under 1400. But definitely I think one should set an alert if it drops to 1150 as a strong buy level.