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COPPER_ HGZ22

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

Daily – Flat. Breaks above the June august trendline. Trade pressures are up. Volumes are now bearish.

The next target up is 4.00.

At the 3.67 target with some room above, but expect some retracement here.

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are up but turned down with the FED speech. Volumes are now bearish.

Daily – Flat. The move up from 1751 is stopped out at the BE of 1751. Trade pressures are up, but turning down. Volumes are bearish.

The next target down is 1722.

A close back above 1755 would restart the move up.

 

SILVER_ SIZ22

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

Daily – Flat. In the move down from the 19.80 on 8/17. Trade pressures are rising into the neutral zone. Volumes are bearish.

The next target down is 18.12.

A close above 19.51 would signal higher.

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COPPER_ HGU22

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

Daily – Flat. Consolidating at the 3.69 target. Trade pressures are up into the neutral zone. Volumes are neutral.

The next target up is 3.71.

A close below 3.60 would signal lower.

 

GOLD_ GCZ22

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

Daily – Short. In the move down from the 1773 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1722.

A close above 1770 would signal higher. Use 1770 as the SL.

[8-22-22: take profits near the 1722. New long entry/SL at 1751.]

 

SILVER_ SIU22

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

Daily – Short. In the new move down from the 19.72 short entry on 8/17. Trade pressures are down Volumes are bearish.

The next target down is 18.58.

A close above 19.34 would signal higher: use this as a SL.

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COPPER_ HGU22

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

Daily – Flat. In the move up from the 3.34 entry on 7/26. Trade pressures are up. Volumes are bullish.

The next target up is the 3.71 prior high pivot.

Price is at the 3.67 target, expect retracement and consolidation here. A close below 3.63 would signal lower.

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are rising up thru the neutral zone. Volumes are now bullish.

Daily – Flat. In the move up from the 1766 long entry on 7/28. Trade pressures are up but showing divergence. Volumes are bullish.

Just breaking above the 2 hour resistance. The next target up is 1845. Showing uptrend over-bot.

A close below 1798 would signal lower.

 

SILVER_ SIU22

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

Daily – Flat. In the move up from the 7/28 long entry at 19.44. Trade pressures are up. Volumes are bullish.

The next target up is 20.98.

A close below 20.43 would signal lower. Use 20.53 as the SL.

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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.