Category: Metals

Metals

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HGZ20

Weekly – Remains in the uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up form the 3.02 level. Trade pressures are up. Volumes are bullish. The next target up is 3.29.

A close below 2.98 would signal lower.

 

GOLD_ GCZ20

Weekly – Vaccine vs the stimulus? Trade pressures are neutral. Volumes are bullish.

Daily – Flat. Sharp reversal stops out the long trade at 1906. Trade pressures are up. Volumes are neutral.

The next target down was 1845 which was quiclyreached. The next target down is 1817.

A close above 1898 would signal a retracement move up.

 

SILVER_ SIZ20

Weekly – Same reaction as did gold. Trade pressures are neutral Volumes are bullish.

Daily – Flat. Any long entry has failed. Trade pressures are up. Volumes are neutral.

The next target down is 22.42.

A close above 26.05 is need to restart any long entry.

 

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COPPER_ HGZ20

Weekly – Remains in the uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up. Trade pressures are up and extended. Volumes are bullish. The next target up is 3.21 the prior high. Expect consolidation here.

A close below 3.08 would signal lower.

 

GOLD_ GCZ20

Weekly – 5 day rally. Trade pressures are up. Volumes are bullish.

Daily – Long.  In the new move up from the 1951 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 2054. Look for a pull back to enter this new long.

A close below 1906 would restart the move down.

[11-09-20: Stopped out at the 1906 level.]

 

SILVER_ SIZ20

Weekly – Breakout to the upside. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. Just touched the new long entry. Trade pressures are up. Volum es are bullish.

The next target up is the long entry at 26.05.

A close below the 25×5 MA at 24.43 would signal lower.

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COPPER_ HGZ20

Weekly – Mixed week as the election approaches. Trade pressures are up. Volumes are neutral.

Daily – Flat. In a retracement move down for the 3.31 highs. Trade pressures are down but basing. Volumes are bearish.

The next target down is the 2.98 new short entry.

Support is the 2.99 up trend support line.

 

GOLD_ GCZ20

Weekly – Retracing in the up trend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the down trend. Trade pressures are down. Volumes are bullish.

The next target down is 1835.

A close above the downtrend resistance at 1956 would signal higher.

 

SILVER_ SIZ20

Weekly – Retracing in the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Remains in the move down; moving side ways. Trade pressures are down, but rising. Volumes are neutral.

The next target down is a retest of the 21.87 level.

A close above the down trend resistance line at 25.60 would signal higher.

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COPPER_ HGZ20

Weekly – In the up trend. Trade pressures  are up. Volumes are bullish.

Daily – Flat. In the new move up. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 3.29.

A close blow 2.98 would signal lower.

 

GOLD_ GCZ20

Weekly – Remains in the uptrend. Trade pressures are down but reversing. Volumes are bearish.

Daily – Flat. In the move down. Trade pressures are down. Volumes are neutral.

The next target down is 1835.

A close above 1960 would signal higher.

 

SILVER_ SIZ20

Weekly – In the up trend. Trade pressures are down but rising. Volumes are bearish.

Daily  – Flat. Slow move up in this downtrend. Trade pressures are down. Volumes are neutral.

The next target down is the prior low at 21.81.

A close bove 26.05 would signal higher.

Metals

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COPPER_ HGZ20

Weekly – In the uptrend. trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. Testing the upside resistance of the downtrend. Trade pressures are up. Volumes are bullish.

A close above the prior high starts a new uptrend.

The next target down is 2.89.

 

GOLD_ GCZ20

Weekly – remains in the uptrend. Trade pressures are down but rising. Volumes remain bearish.

Daily – Flat. In the downtrend. Trade pressures are up. Volumes are bullish.

The next target down is 1835.

A close above 1957 would signal higher.

 

SILVER_ SIZ20

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

Daily – In the down trend. Trade pressures are up. Volumes are neutral.

The next target down is the prior low at 21.81.

A close above the 25×5 at 24.75 would signal higher.

Metals

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COPPER_ HGZ20

Weekly – Remains in the uptrend. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat. In a retracement in the  move down.   Trade pressures are up. Volumes are bullish. The next target down is the 200 Day MA at 2.68. A close above 3.12 would signal a new move higher.

 

GOLD_ GCZ20

Weekly – Retracing In the uptrend.  Trade pressures are down  but rising. Volumes are bearish.

Daily – Flat. In the downtrend. Trade pressures are down. Volumes are bullish.

The next target down is 1835, which should complete the retracement.

A close above 1959 would signal higher.

 

SILVER_ SIZ20

Weekly – In a similar retracement as gold. Trade pressures are down. Volumea are bearish.

Daily – Flat. Touched the downside target at 21.87 on 9-24. Trade pressures are up. Volumes are bullish.

Expect sideways. The next target down would be a back test of the 24.00 level, Need a close above 26.00 to restart the move up.

Silver looks to lead gold on the next move.

Metals

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COPPER_ HGZ20

Weekly – In the uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move up, but now testing the resistance. Trade pressures are down but rising. Volumes are neutral.

The next target up is the 3.12 prior high.

A close below 2.89 would signal lower.

 

GOLD_ GCZ20

Weekly – Still in the uptrend. Trade pressures are declining. Volumes are bearish.

Daily – Flat. In the move down from 2025. Trade pressures are down. Volumes are bearissh.

The next target down is 1835.

A close above 1984 would signal higher.

 

SILVER_ SIZ20

Weekly – Sharp pullback into support. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. At the downside target of the move down from 27.49. Trade pressures are down. Volumes are bearish.

The next target down is 21.74.

A close above 26.05 would signal higher.

 

Metals

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COPPER_ HGZ20

Weekly – In the uptrend. trade pressures are up. Volumes are bullish.

Daily – Flat. After consolidating at the 3.02 target, a new leg up has started. Trade pressures are up. Volumes are bullish.

The next target up is 3.29.

A close below 2.89 would signal lower.

 

GOLD_ GCZ20

Weekly – In consolidation. Trade pressures are up but declining. Volumes are bullish.

Daily – Flat. The consolidation continues. Trade pressures are down but rising. Volumes are neutral.

The next target up is the resistance at 2006.

The next target down is the MA at 1957.

 

SILVER_ SIZ20

Weekly – In consolidation. Trade pressures are up. Volumes are bullish.

Daily – Flat. Also in consolidation. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target up is 28.06.

A close below 25.77 signals lower.

 

 

Metals

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COPPER_ HGZ20

Weekly – In the move up. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up. Trade pressures are are down but rising. Volumes are bullish.

The next target up is 3.08.

A close below 2,86 would signal lower.

 

GOLD_ GCZ20

Weekly – A bullish close after five weeks of down to neutral. Trade pressures are up but showing a reversal. Volumes are bullish.

Dai;ly – Flat. Moving sideways. Trade pressures are up but reversing. Volumes are neutral.

The next target down is the prior low at 1874.

A close above 2004 would signal higher.

 

SILVER_ SIZ20

Weekly – Similar position as the gold. Trade pressures are up. Volumes are neutral.

Daily – Flat. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 25.90.

A close above 27.82 would signal higher.

Metals

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COPPER_ HGZ20

Weekly – In the up trend. Trade pressures are up but showing divergence. Volumes are bullish.

Daily – Flat. In the move up. Trade pressures are down but rising. Volumes are bullish.

The next target up is the prior high of  3.09.

A close below 2.86 would signal lower.

 

GOLD_ GCZ20

Weekly – Remains in the uptrend. Trade pressures are up but showing divergence. Volumes are neutral.

Daily – In the move down from the 2025 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1891.

A close above 2012 is the next long entry.

 

SILVER_ SIZ20

Weekly – Remains in the up trend . Trade pressures are up. Volumes are neutral.

Daily – Flat. In the move down from the 27.98 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 24.92.

A close above 27.82 would signal a new long entry.