Palladium Hits $1600

Palladium has recently risen to $1,600, achieving a 45% increase since September, driven by a repeatable market pattern that suggests a continuing bull market despite potential short-term corrections.

• Palladium's price surge to $1,600 was predicted by repeatable market patterns.

• A correction is anticipated, but it should form a higher low, confirming a continuing bull market.

• Long-term investors should hold, viewing pullbacks as buying opportunities, and avoid selling winners for struggling assets.

Palladium has reached $1,600, marking a significant 45% gain since it was identified as a potential growth asset at $1,000-$1,100. This upward trend was predicted based on a recurring market pattern observed in other indexes like the HSI and Ethereum. While a correction is anticipated, it is expected to form a higher low, positioning Palladium for continued long-term growth.

Palladium's Price Surge

• 00:00:28 Palladium has surged to $1,600, representing a 45% increase since September, when it was trading between $1,000 and $1,100. This rally was predicted by analyzing historical patterns observed in various indexes, including Ethereum and the Heng Seng Index (HSI), which indicated an imminent move higher towards the $1,600 target.

Predictable Market Patterns

• 00:01:28 The prediction for Palladium's rise was based on a recurring market pattern: sweeping a high, testing the 'bull market support band', and then experiencing a strong upward run. This exact sequence was previously observed in the HSI, which, after sweeping a high and retesting support, similarly ran higher before finding a local top. The $1,600 target for Palladium was derived from a previous local top following a similar support hold.

Future Price Expectations

• 00:02:47 Despite Palladium reaching its target, a correction is expected in the commodities market in the coming months, though its exact timing is uncertain. For long-term investors, any pullback is likely to establish a higher low, providing another opportunity to 'buy the dip' before Palladium continues its upward trajectory to new higher highs. The bull market is expected to persist, even through a potentially 'spooking' but constructive drop.

Investment Strategy Advice

• 00:03:50 Long-term investors should consider their goals; a 40-50% gain offers a valid reason for short-term traders to take profits. However, investors are warned against selling winning assets like Palladium to buy 'losers' such as struggling altcoins, as winners often continue to win while losers keep losing. Maintaining exposure allows participation in further upside, and any significant pullback should be seen as a long-term buying opportunity.