Palladium dumped 2.6% today — precious metals getting wrecked across the board. Saw a quick bounce off the white support box earlier this week but that was fake strength. Now it's sliding into the zone, no close inside yet, no confirmation, so I'm holding off.
$GOLD looks like it wants lower, which means palladium probably follows. Cut my gold long yesterday for this exact reason.
All the metals are sitting at support right now, but I'm not convinced the bottom's in yet. Still slowly accumulating — building small, staying patient. Medium-term I'm bullish on these, so I'm fine scaling in light and waiting it out. Just not rushing the entry while structure's still weak.
$GOLD looks like it wants lower, which means palladium probably follows. Cut my gold long yesterday for this exact reason.
All the metals are sitting at support right now, but I'm not convinced the bottom's in yet. Still slowly accumulating — building small, staying patient. Medium-term I'm bullish on these, so I'm fine scaling in light and waiting it out. Just not rushing the entry while structure's still weak.