GT247.com Trading Blog

Palladium - Go Long

Written by Musa Makoni | 17 Jan 2018

Palladium has had a stellar rally recently but it recently recorded a minor retracement. Short-to-medium forecasts anticipate increased demand for Palladium therefore this presents an opportunity for a quick short-term long trade.

ENTRY: Current price level

STOP LOSS: 1084.50

TARGET PRICE 1: 1130.00

TARGET PRICE 2: 1150.00

 

Once the price reaches 1117.50 move your stop loss to the entry level.

 

CHART (DAILY)