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COPPER_ HGU25  [Trump adds tariffs 7/30]

Weekly – In the July 2025 downtrend. Trade pressures fail at 4.69 support. Volumes are neutral.

Daily – Flat. The close above 4.47 signals at least neiutral. Trade pressures remain down.  Volumes are are now neutral.

A likely retest of the lows is first, then a second move up should clarify. The expected oversold levels decline to 3.66.

Need a close above 4.75 to resume any move up. (The > 4.47 close is an early warning.) The expected overbought levels decline to 4.69.

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3171.  Trade pressures are down.  Volumes remain bearish.

Daily – Flat. Took profits on the spike above 3500.  Trade pressures are up.  Volumes remain bullish.

The next target up is 3534. Howeve, price is in a pullback off the confusing newsy week. The expected overbought level rises to 3430.

A close below 3445 would signal lower. The next target down is 3417. The expected oversold level declines to 3278.

 

SILVER_ SIU25

Weekly – In the December 2023 uptrend. Trade pressures are up but declining to neutral zone.  Volumes remain bullish.

Daily – Long, in the move up from the 37.44 on 8/5 and now off the 39.91 highs.  Trade pressures are up.  Volumes are bullish.

The next target up is 39.17 and could form a lower high. Overbought levels rise to 39.17.

A close below 38.11 would signal lower. The oversold levels rise to 37.28.