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Could palladium fall all the way to $1,100?

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ticker lesson

Breakdown

0:00PLAT· ticker

Platinum — down 4.4%, broke trend line at 1700

  • Platinum down 4.4% weekly
  • Broke trend line down
  • Hit first support at 1700
  • Bias down for next week
0:01GOLD· ticker

Gold — bottom closer than expected

  • Gold bottom closer than most think
  • CME Fed watch tool shows one less rate hike
  • Gold bottom may influence PGM metals
0:02PALL· ticker

Palladium — double bottom possible at 1100

  • Palladium down 8.1% weekly
  • Possible double bottom forming
  • RSI very low, nibble not bad
  • Likely to hit 1100
0:03PGM· ticker

PGM metals — bottom influenced by gold

  • PGM metals bottom tied to gold
  • Gold bottom likely to put in PGM bottom

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