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COPPERR_ HGU22

Weekly – In the May 2022 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move up from the 3.35 long entry on 7/25. Trade pressures are rising into the neutral zone. Volumes are bullish.

Friday had a break out of the small bull flag at 3.51. Need a pullback to relieve the overbought pressures.

A close below 3.47 signals lower. Use this the SL.

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. In the move up from the July 29th entry at 1766. Trade pressures are up but pointing down. Volumes are now bearish.

The next target up is 1845. Over bought. Need a reversal of the trade pressures to re-enter.

A close below 1777 would signal lower. Use that as a SL.

 

SILVER_ SIU22

Weekly – In the May 2022 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move up from the 19.33. Trade pressures are down. Volumes are bearish.

The next target up is 20.15. Need a trade pressure reversal to re-enter; below 19.00 would relieve the over bought pressure.

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COPPER_ HGU22

Weekly – In the May 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Long. In the move up from the 7/25 entry @ 3.35. Trade pressures are up. Volumes are bullish.

The next target up is 3.59.   [Take profits above 3.53.]

A close below the long entry price is the stop loss.
[7-31-22: Raise SL to 3.53]

[8-1-22: Stopped out at 3.53.]

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are down but rising. Volumes are now neutral.

Daily – Long. In the move up from the 7/29 entry @1766. Trade pressures are up. Volumes are bullish.

The next target up is 1787.
[Take profits above 1782.]

A close below 1744 would signal lower. Use this as the SL, raise to breakeven once outside the avg true range.

[7-31-22: Sold at 1782.]

 

SILVER SIU22

Weekly – In the May 2022 downtrend. Trade pressures are down but rising. Volumes are now bullish.

Daily – Long. In the new move up from the 7/28 entry @ 19.35. Trade pressures are up. Volumes are bullish.

The next target up is 20.97.
[Take profits above 20.15.]

A close below 19.35 would signal lower. Use this level as the SL.
[7-31-22: Raise SL to 20.15.]

[8-2-22: Stopped out @ 20.15.]

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COPPER_ HGU22

Weekly – In the May 2022 move down. Trade pressures are down. Volumes are now bullish.

Daily – Flat. In the new move up off the 3.27 low pivot and the 3.40 long entry. Trade pressures are down but rising. Volumes are bearish.

The next target up is 3.54.  look for a back test at 3.45 and a bullish reversal to enter the trade

A close below the 3.40 long entry price would signal lower. Use this as the SL

 

GOLD_ GCQ22

Weekly – In the July 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from 1807. Trade pressures are down. Volumes are bearish.

The next target down is 1697.

A close above 1785 would signal higher.

 

SILVER_ SIU22

Weekly – In the May 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down. The prior short was closed with a profit at the 19.09 target. Trade pressures are down but rising. Volumes are bearish.

The next target down is 18.28.

A close above 19.77 would signal higher.

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COPPER_ HGU22

Weekly – In the May 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the 3.55 100% downside target. Trade pressures are down. Volumes are bearish.

The next target down is that 3.55 target. Expect consolidation and retracement here.

The next target up is the new long entry at 3.74.

 

GOLD_ GCQ22

Weekly – In the May 2022 uptrend and testing support. Trade pressures are down. Volumes are bearish.

Daily – Flat. Did get the short entry on 6/29 and traded down to 1783. Trade pressures are down. Volumes are bullish.

The next target down is 1742.

The spike down was followed by a V retracement up. A close above 1815 would signal higher to the 1840 resistance area.

SL at 19.79.

 

SILVER_  SIU22

Weekly – In the May 2022 downtrend. Trade pressures are down. Volumes are bearish,

Daily _ Short. In the move down from 20.92. Trade pressures are down. Volumes are bearish.

The next target down is 19.09. Take profits at 19.09. SL 20.29.

A close above 20.25 would signal higher.

[7-5-22: Profit stop out at 19.09]

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COPPER_ HGN22

Weekly – In the May 2022 downtrend. Trade pressures are up in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the 4.356 short entry June 9th. Trade pressures are down. Volumes are bearish.

The next target down is 3.55.

A close above 3.83 would signal higher.

 

GOLD_ GCQ22

Weekly – Continues the test of the May 2021 uptrend. Trade pressures are rising into the neutral zone. Volumes are bearish.

Daily – Short. The break of the 1816 level has set up a short entry. Trade pressures are up. Volumes are now neutral.

The next short entry is still the 1816 level level, but to be conservative in this volatile market, but now the weekly Trade pressures are rising, so the daily trade is not confirmed.

Wait for the next bearish reversal of the daily Trade pressures.

A close above1836 would signal a new move higher.

 

SILVER_ SIN22

Weekly – In the May 2022 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Testing the short entry at 20.92. Trade pressures are down. Volumes are bullish.

The  weekly confirms the downward pressures. Short any move below the 20.92 level.

A close above 21.40 would signal higher. Use as SL.

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COPPER_ HGN22

Weekly – In the May 2022 downtrend. Trade pressures are up in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the 4.356 short entry June 9th. Trade pressures are down. Volumes are bearish.

The next target down is 3.43.

A close above 4.09 would signal higher.

 

GOLD_ GCQ22

Weekly – Continues the test of the May 2021 uptrend. Trade pressures are rising into the neutral zone. Volumes are bearish.

Daily – Long. Still in the long trade. The long entry last week resulted in an immediate stop out at the 1848 SL. Trade pressures are up. Volumes are now neutral.

The next long entry is still the 1972 level, but to be conservative in this volatile market, wait for the weekly Trade pressures to confirm the daily trade.

A close below 1816 would signal a new move lower.

 

SILVER_ SIN22

Weekly – In the May 2022 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move up of the 20 42 low pivot. Trade pressures are up. Volumes are bullish.

As with gold must wait for the weekly to turn bullish. Could happen with a break above the 21.97 pivot high.

A close below 20.92 would signal lower.

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COPPER_ HGN22

Weekly – In the May 2022 downtrend. Trade pressures are up. Volumes are neutral.

Daily – Long in the move up from the 4.26 entry on May 19th. Trade pressures are down. Volumes are bearish.

Looking for the trade pressure reversal to re-enter the long. The next target up is 4.49.

A close below the current low would signal a new move down.

 

GOLD_ GCQ22

Weekly – Rising off the May 2021 uptrend support. Trade pressures are rising to the neutral zone. Volumes are bearish.

Daily – Long. Closed above the 1872 long entry price on Friday. Trade pressures are up. Volumes are bullish.

The next target up is 1952.

A close below 1848 would signal lower.

 

SILVER_ SIN22

Weekly –  In the May 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the consolidation around the 21.93 long entry price. Trade pressures are down. Volumes are bullish.

Look for the next bullish reversal of the trade pressures.

A close below the lower median line at 21.00 would signal lower.

 

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COPPER_ HGN22

Weekly – In the May 2022 downtrend. Trade pressures aer up into the neutral zone. Volumes are neutral.

Daily – Long . Bullish reversal on 5-27 of the Trade pressures; which are now up. Volumes are now neutral.

Two day rally June 1st and 2nd moved price above the 4.49 target. The next target up is 4.60.

Now in pullback. The close below 4.48 starts the retracement. The next target down is 4.40.

 

GOLD_ GCQ22

Weekly – Testing the support of the May 2021 uptrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Testing the new long entry at 1872, but not yet. Trade pressures are up. Volumes are bullish.

The next target up is 1952.

Support at the 1846 level. short if this gives way.

 

SILVER_ SIN22

Weekly – In the May 2022 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the consolidation around the 21.93 long entry price. Trade pressures are up. Volumes are bullish.

The next target up is 23.40.

A close below21.74 would signal lower and a stop to any long position.

 

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COPPER+ HGN22

Weekly – In the new May 2022 downtrend. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. In the move up from the 4.26 long entry; prior attempts have been stopped out at break evens. Trade pressures are up. Volumes are bullish.

The next target up is 4.49.

SA close below 4.25 would signal lower. Use theis level as the SL.

 

GOLD_ GCQ22

Weekly – This August contract is in the May 2021 uptrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move up after breaking the downward trend line. Trade pressures are still down. Volumes are bullish.

The next target up is the long entry at 1872.

A close below 1816 would signal lower. Use this as a SL.

 

SILVER_ SIN22

Weekly – In the new May 2022 downtrend. Trade pressures are down but rising. Volumes are bearish.

The long trade at 21.93 was stopped out at breakeven; it was fighting the weekly downtrend. A pullback below 21 could be another buy opportunity if the weekly improves.

A close below 20.80 would signal lower once again.

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COPPER_ HGN22

Weekly – In the new May 2022 downtrend. Trade pressures are down but rising. Volumes are now neutral.

Daily – Long. In the new move up from 4.26. Trade pressures are up. Volumes are bullish.

The next target up is 4.49. Take profits early as the weekly is down.

A close back below 4.22 would signal lower and is the SL.

[5-23-22: Raise the SL to the 4.26 breakeven.]
[5-24-22: Stopped out at breakeven.]

 

GOLD_ GCM22

Weekly – In the May 2021 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down, but has broken out of the down channel. Trade pressures are up. Volumes are bullish.

The next target down is a retest of the 1812 downside target. But buy at a back test of the channel line and the lower median line below 1812.

A close above 1865 would confirm the move up off the 1785 low.

 

SILVER_ SIN22

Weekly – In the new may 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – long. In the new move up from the 21.93 long entry on 5-19-22. Trade pressures are up. Volumes are bullish.

The next target up is 23.44.

A close below the 20.42 weekly low would signal lower.

set SL at 21.25.

[5-26-22: Raise stop to breakeven.]