PALLADIUM Buy opportunity on the 1D MA50.

Last time we looked into Palladium (XPDUSD) is was almost a year ago:

This time the price has formed a Channel Up pattern after breaking above the dashed Lower Highs trend-line form the October 04 2022 High. The price is exactly on the 1D MA50 (blue trend-line) now, near the bottom of the Channel Up, which makes it a technical buy. Our target is the top of the Channel Up at 1685. A break below the 1420 Support, will be a sell signal instead, targeting the 2.0 Fibonacci extension at 1200.

Tradingview link:

https://www.tradingview.com/chart/XPDUSD/30mIy8Ne-PALLADIUM-Buy-opportunity-on-the-1D-MA50