XPDUSD - DAILY - TRIANGLE CHART PATTERN
PALLADIUM inches lower as a mining forum takes place in Kalgoorlie.
A Forex trading technical analysis video showing today's test of the lower edge of a triangle chart pattern. This as the so-called Diggers & Dealers mining forum takes place today in Kalgoorlie, Australia. The World Gold Council believes the supply/demand imbalance in the spot gold market will stabilise because 'recycling is positively correlated to the gold price'. Were spot palladium prices to close below the triangle, 10 and 20-day moving averages would probably cross to a short position, backing up the parabolic SAR which did so 7 days ago.
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