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COPPER_ HGU25

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

Daily – Flat. testing the short term trend line at 4.49 as resisitance. Trade pressures are up.  Volumes are are now bullish.

The next target down is the prior low at 4.33.  A likely retest of the lows is first, then a second move up should clarify. The expected oversold levels rise to 4.32.

Need a close above 4.66 to resume any move up. (The > 4.47 close is an early warning.) The expected overbought levels decline to 4.57.

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3177.  Trade pressures are neutral.  Volumes are now neutral.

Daily – Flat. Remains in the downtrend from 8/10 at 3444.  Trade pressures are down.  Volumes are bearish.

The next target down is 3346. The expected oversold level rises to 3303.

A close above 3402 would signal higher. The expected overbought level declines to 3411.

 

SILVER_ SIU25

Weekly – In the December 2023 uptrend. Trade pressures are in the neutral zone.  Volumes remain bullish.

Daily – Flat, in the move down from the 8/13 pivot.  Trade pressures are down.  Volumes remain bullish.

The next target up is 39.03. Overbought levels rise to 39.52.

A close below 37.84 would signal lower. The oversold levels decline to 37.17.

[8-19-25: Short triggered at 37.84. The next target down is 36.63. SL is the entry price at 37.84.]

[8-20-25: Stopped out at the EP, 37.84.]