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COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are now down. Volumes are bearish.

Daily – Short. In the move down from 3.81.  Trade pressures are down but turning up. Volumes remain bearish.

The next target down is 3.61.  Oversold levels are now 3.66.

A close above 3.75 would signal higher. The expected overbought levels are now 3.90.

 

GOLD_ GCZ23

Weekly – In the December 2022 uptrend. Still testing the support levels. Trade pressures are back down into the neutral zone. Volumes remain neutral.

Daily – Short. In the move down from the 1981 short signal on 8/2. Trade pressures are down. Volumes are bearish.

The next target down is still 1927. The expected oversold levels are lower lows at 1915.

Look for support around 1927 and failing that then 1903. A close above 1952 would signal a trend change. The expected overbought levels are 2003.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend. Trade pressures are down. Volumes are now bearish.

Daily – Short. In the move down from the 24.39 level on 8/2. Trade pressures are down. Volumes remain bearish.

The next target down is 22.19 at the trendline support.  Oversold levels are 21.17.

A close above 22.84 would signal higher. Overbought levels are expected at 23.71..