A near-term sell signal triggered on a break below the minor uptrend line on /PA (palladium futures) with the next & potentially more powerful sell signal to come on a break below the primary uptrend line. PALL (palladium ETF) is still on watch as a potential official swing trade although we don’t have any solid sell signals for a longer-term swing trade as of now.
PA 60m Jan 21st
/GC (gold) and /SI (silver) have also broken down below trendline support on the 60-minute charts followed by impulsive selling in /SI although it is now coming up on the 17.614 support where a bounce off the initial tag of that support level is likely (for active traders that might want to attempt a quick in & out bounce trade). 60-minute charts below.
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- GC 60m Jan 21st
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- SI 60m Jan 21st
