Gold Gold Daily Video, March 28, 2023

[Tradeitanyway]

Copper monthly technical overview

with green energy demands for copper is very high, I have made a technical study for copper with price projections


summary, a break above 5.00 confirms wave v of 5 red unfolding with targets

7.00 1.272% fib
7.50 1.414% fib
8.15 1.618% fib

invalidation for this study is a break below 3.20 , in case we break lower, then another study should be done. "

keep an eye on gold , silver , platinum , palladium, rhodium, and all metals , also CRB Reuters commodity index and ETF for metals that I will update it soon.

 

[Tradeitanyway]

Hello Sive , I am updating some interesting weekly counts
Silver weekly looks like we are breaking out of bullish flag , still I prefer a strong momentum up not lazy action because that's how a breakout should be. a break above 23.00 level and 30.50 levels , preferable a weekly close or monthly close with a bullish candle will confirm further upside momentum to record historical highs since 2012. Silver might outperform gold due to its need for tech and industrial sector

As for gold weekly, I like the fact gold managed to close weekly above 2002 level , highest close since 2020, will keep an eye upon retesting 2050 zone and what type of rejection we have, I prefer not to see a bearish engulfing candle swallowing all profits or weekly bearish formation


Also SPDR ETF XME fund for metals
XME SPDR ETF for metals

ABC green is zigzag so far

considering i blue of 5 red as leading diagonal followed by an impulsive trend that should break higher above 67.00 level

should price break below 40.00 wave 4 black , then a recount should be considered
also as a reminder , eyes on copper platinum palladium rhodium