Precious Metals Refuse to Correct Entering a Palladium Long
Precious metals decided not to correct, even though all the conditions for a pullback were there.
Alright then thats a respectable decision by the market, so Im returning with a long position in palladium .
Stop: 1880
Upside potential: at least to the previous local highs around 2100
And of course, the global target: 3500+
Im not building a full strategic position here. Ill trade it in a trader-style manner: stepping aside when risk increases and re-entering when conditions improve.
This approach is clearer to me its my style.