[music]
>> Hey folks, Nick Valdez here. Welcome to
Verified Investing, where today we're
going to be talking about precious
metals, gold, silver, platinum, or even
going to look at copper. Get ready to
check out the pennies in your pocket,
and we got some energy plays for you
folks. So, without further ado, let's go
ahead and jump right into the gold
chart, everybody, cuz there are some key
levels that I want to put on your radar.
Now, first thing that I'm looking at on
the gold chart is, you know, what? We
have this nice little level of support,
and this is going all the way back to
the pivot high in November of 2025. But,
this was the all-time high for gold.
This is where we were very close to
$5,600.
And if you go into the next wick, you'll
see a little bit of a descending trend
line, and this is resistance turned into
support. And let's go ahead, continue to
draw this out, continue to draw this
out. This is where I'm going to be
looking for a potential long entry if
the metrics are still looking good, cuz
let's face it, they are not going to
stop printing the US dollar, and in the
long term, that is going to be good for
commodities. Now, this would be more of
a scalp trade. Uh as far as a long-term
hold, I would probably want to wait
until we hit the bottom trend line along
here. So, this might be just a quick
long on GDX, some of the gold ETFs, or
maybe even trades with the miners. Now,
let's look at silver, everybody.
Silver has a ascending trend line here
that has just kind of capped the
rallies. This is July 22nd, and then it
goes into August 10th, and then uh
folks, pretty soon it's going to be
September. Man, hit that like button if
it's just been
the the time's flying by. September
already? What are we even talking about?
But, look at this little area right
here. So, I'm going to try to keep the
line straight. This is from the pivot
low in April. This is going back quite a
few. We keep going, we keep going. Look
at that, that acted as resistance. So,
kind of a double resistance barrier
right here. And now we are starting to
see silver kind of turn to the downside.
So, keep an eye out on that. As far as
support, I would keep an eye out on the
midway of this parallel. You can see
that it rejected right here. And you can
see how often price was chopping along
right within this range. Now, let's look
at platinum.
I got pretty some some pretty
interesting here. Is there bearish
divergence? So, I don't have any lines
drawn on the chart cuz I wanted to point
out the bearish divs and the bullish
divs. So, mostly it's a bearish divs.
Now, if you look at the the peak right
here, we have a very clear bearish
divergence. What do I mean by bearish
divergence? We can see the price heading
higher where the RSI was heading lower.
And now the opposite, the inverse, that
would be a bullish divergence. Now, if
you look at this peak right here, same
thing. We see the price heading higher
while the RSI is heading lower. If you
look at this peak right here, same
thing. Price heading higher as the price
is heading lower. So, the question is,
are we seeing a bearish divergence in
the daily chart right now? Well, spoiler
alert, no. So, let's go ahead and check
in on that. Right now, the RSI still
looking healthy. Now, you can say,
"Well, it's pretty close to oversold."
And that is true. The RSI just measures
the relative strength. So, they're
saying there's a lot of strength in the
markets. So, right now, I'm not seeing
any bearish divergences. So, if we see a
pullback on the metals where gold falls,
drags the other metals down, it drags it
down. It's like, you know, Wolverine's
adamantium is being dragged down by this
price chart. There might be some
interesting setups for platinum. Now,
let's look at the the stinky coin
pennies. That's right. We're going to
look at copper here. Copper closed at an
all-time high yesterday. That's right,
folks. Not a lot of people are aware.
And so, when we mean uh by closing at an
all-time high,
we mean the daily candle close. Now, you
do see a a higher wick, but as far as
candle closes go, this is as high as
copper has ever been. Now, this parallel
channel looks a lot better on the weekly
chart. Let's go to the weekly here. You
can see this was established a long time
ago, 5 years ago, 2021. Found a little
bottom in 2022. Kind of chopped along on
the bottom, chopped along on the bottom,
had a weekly close there, then shot all
the way to the top. And where do we find
resistance? Oh, what do you know, the
top of the parallel channel. And then
when we shot out, what did we do? We
tested the channel again. So, we flip to
the daily. So, you can see that candle
right there. So, this to me is going to
be the level of support for copper that
I'm paying attention to. But now, let's
get into the energy. Are you feeling the
energy in the air? I'm feeling the
energy. I don't know why I turned into
the ultimate warrior there, but hey
folks, I'm just I'm just feeling it.
Now, let's go to the US oil chart.
And then I'm going to show you my nat
gas play, where I 2x'd in 24 hours
playing some options. But with the US
oil chart, we're seeing an additional
parallel channel here, but this is a
descending parallel, which typically is
going to be bullish. An ascending
parallel typically is going to be
bearish. I mean, if it just continues to
go up and up and up, eventually you
expect it to go down. And if it's going
down and down and down, eventually you
expect it to go up. Now, as far as
support resistance, I'm also kind of
looking at the parallel channel. You see
the midway point acted as support here,
acted as support here. You know,
potentially it can act as support a
third time just recently. And I'm
looking at the top of the parallel for
resistance. And again, this is coming in
from the wick on March of 2026. All
right, now let's look at nat gas. Now,
I'll show you my nat gas play. Right
now, this daily RSI is strong. You can
see the price is heading up. Well, you
know, essentially
we have nice nice little div here, even
though it went lower here. And then it
headed higher, then it headed higher.
This RSI is just having a nice little
move to the upside. So, I'm really
liking what I'm seeing on Nat Gas.
And we have a little bit of a wedge
pattern as well. This is going all the
way back to 2024. So, we got a nice
little support around here. And this to
me, you know, maybe uh an area to pay
attention to. If we lose this level, cuz
this line would continue to the
downside. So, keep an eye out on that.
But I said I had a play where I 2x my
money overnight. Now, not my money, but
in the trade at least. That was playing
UNG. Make them say "Ung."
This is uh United States Natural Gas
Fund LP. This is basically a an
additional way to trade Nat Gas. And
this kind of more measures the futures.
This kind of looks at the uh the next
monthly future close.
I don't want to bog you down with the
details here, but it's just an
additional way. There's a lot of
liquidity, but there's also a lot of
movement. Now, we have nice support.
This is also going back to 2024. And you
can see all along here. Well, we ended
up nibbling in into some Nat Gas ETF
plays here, the UNG plays. And we got
some options, some October options.
We're basically I was just betting on it
going to $12 by October. Now, I don't
want to wait for October. This was a
short-term play. Cuz you can see, you
know, we're looking good on the Nat Gas
chart. So, we got the Nat Gas ETF.
And I can show you the chart right here.
This is the days on the bottom. 20
August 24th, August 25th. The reason
there was a gap here cuz there's not
trading on the weekend. Look how much
this jumped. So, just talking to Garret
Sallaway about this one. Bought in right
around 11 cents. I didn't quite catch
that 10 cents pico bottom. But got in at
11 cents. This thing shot up over 25
cents today. I sold I basically sold
half my position at 25. So, I already
made my money back on this trade. And
I'm leaving a few just basically uh,
some options there in case it continues
to move higher cuz options can really
move, but we have a show coming out to
teach you about options from our trader
Jake Sweeney. I'd highly recommend when
that comes out, check that show out.
Might even have a viewer app get on
there to kind of help you with your
trading journey. So, that's what we're
seeing here, but let's actually just
look at the UNG chart.
We do have this descending resistance.
Keeping an eye out on that. I'm going to
go ahead and delete that. Look at this
descending trend line. I would
definitely, definitely
sell before we even get here, folks.
There's no guarantee cuz this thing
really can move, but that's our
commodities charts for today. Hopefully,
that helps you, you know, if you're
trying to trade some precious metals or
even the dirty stinky copper metals or
if you're trying to play with some
energy options as well. I'm Nick Valdez
for verified investing. Put out a lot of
charts on verifiedinvesting.com. Make
sure you check that out as well. And
hopefully, I'll see you in Bitcoin
revealed 1:30 p.m. Eastern Standard
Time. And we have Crypto Combat coming
up this Friday. That's all I got.
Appreciate it. Thank you very much.