[music]
>> Hey folks, Nick Valdez here ready to
talk to you about gold, silver, as well
as oil and nat gas. Folks, we see some
major targets including a potential
breakdown in the gold prices and I'm
going to give you the exact setups and
the exact targets that I'm going to be
watching. And we'll also look at silver
and I have a couple ETF plays that you
can capitalize on. Positions that I'm
going to be taking if we can hit my
levels. So, without further ado, let's
just jump into the charts here and you
can see here on the gold chart a head
and shoulders. A very, very potential
head and shoulders that is because
folks, we have not yet closed a daily
below this. So, we need to confirm below
this neckline meaning we need to open
and close below and right now there's
about 4 hours left on this candle. So,
if we push up, this is not going to be a
confirmed setup. But if we can close
below, that's where we start talking
about some juicy targets. And so, you
can see right here, we have the left
shoulder, we have the head and we have
the right shoulder. And then the way you
would measure this folks is you get your
trend line you go from the top of the
head to the to the neckline.
And then this gives you your potential
target for gold and that's honestly,
it's looking really good when you
consider that it's also touching this
pivot low that we saw in June. But there
is a level I'm going to be watching
before then and that's this ascending
trend line. So, I would look to maybe
potentially start jumping in on some
options if we can hit this level right
around 4100, 4135 and it is going to go
up slowly but surely as we head further
and further to the right. Now, we're
seeing a very similar setup on the
silver chart. And we also have a
ascending trend line from the local
lows. So, you can see this in July and
you can see right here August 3rd, that
gives us this nice trend line right
here. I'm watching this honestly for a
bounce in the silver chart. But, what if
we do have the head and shoulders play
out as well? This one's not looking
quite as likely that we're going to
confirm below. In fact, it looks like
we're going to potentially confirm
above. Let me get it right to the wick
here on this other shoulder. And you can
see right now, silver trying to push
above. So, looking, you know, at least
in the near term, a little bit more
bullish for the silver chart.
And you could go to that other wick. I
like going, you know, a little bit, uh,
you know, closer, less less wicky, uh,
area here. So, we're going to grab this,
move it down here, and a little bit more
bullish than what we're looking at gold.
Remember, gold,
the
>> [clears throat]
>> the retest is right here with this pivot
low.
And silver, if we do play out this
technical target, is actually going to
be a little bit higher. But, right now,
all eyes on this ascending trend line,
folks. All right. Now, I also have
another precious metals set up for you.
That's palladium. Now, here, some people
call it palladium. I like palladium. I
believe it's called palladium, folks. I
look at this trend line. We're finding
nice support here. But, how does one,
you know, get exposure to palladium?
Well, there is a large palladium ETF.
It's called PAL. And I'm looking at this
right now. Uh, you know, maybe a
potential set up. I was looking at the
options. There's not a lot of volume in
the options here. But, could be nice
little, uh, if you maybe look at
December, look at potentially October. I
think December might be a little bit
safer for a potential $26 strike price.
So, you'd basically be betting on
palladium hitting 26, or really, more
importantly, the physical palladium
shares ETF. Looking at that hitting 26,
and then that gives you a good exit.
Now, we kind of check check in on one of
the previous calls that I gave you here.
If you look right here, we have a
ascending trend line. We talked about
this, uh, in mid-August. Hey, this is
going to be a potential resistance zone.
You can see established here, March of
'26. Got rejected. Got rejected. Well,
look at what happened just last week. We
got rejected again. And so, nice target
there. If we come back up, uh depending
on, you know, the RSI, might be looking
for another short opportunity on the
wheat ETF. And that's basically
measuring uh wheat futures and looking
at where bushels of wheat are going to
be in the future. But now it's time to
talk about oil. All eyes on the Middle
East. And I'm I'm going to talk about,
you know, what we've seen just in the
past 24 hours and its effect on oil
today. Cuz oil had a nice little push.
Then we're starting to see a little bit
of volatility. Also, diesel. Diesel has
just been going insane. In fact, I'm
hearing reports that diesel is hitting
the limit at some San Diego gas station.
San Diego on is hitting $9.99. Now, I
say the limit,
I just mean physically for the sign. The
signs literally aren't built to price it
above $9.99
and some of these stations have actually
hit that limit. I don't even know what
they're going to do when it goes above
10. Are they just going to start with
zeros and start over? Uh makes me think
of the Homer Simpson's meme. But there's
not really a clean way to get exposure
to diesel. But there is a VanEck oil
refinery ETF. It's called crack cuz uh
the diesel spread is actually called the
crack spread. Anyways, that's just what
they call it. And look at this trend
line. This is going all the way back to
March of 2025. So, we go from this pivot
low to this high right here, we end up
rejecting off it again in March, a year
later, and then we hit it again in May
of 2026, rejected again, and then turned
into support. So, I will actually be
looking to long this if we come back
down to this area of support. This was
former support to resistance back to
support.
And I'm I, you know, have pretty good
odds for, you know, maybe a nice little
setup of a head and shoulders. This
would be the head. Maybe get one more
bounce for the shoulder. And then, you
know, maybe that's where we're going to
start moving to the downside. So, I'm
watching this. I am watching the crack,
everybody. Now, let's talk about US oil.
I'll talk about these pictures in 1
second. Look at oil pushing up 105 per
barrel. And where is going to be the
resistance on this one? Well, first,
let's move these. We'll talk about these
in one quick second.
Right now, I'm looking at, you know, we
we kind of passed this pivot point here.
If we go straight across, you see, all
right, we hit it the very next day,
strong red candle. The next day, you
know, we opened here on the upper end of
this candle, pushed up higher, and then
actually pushed all the way back lower,
then ended slightly lower in the red.
But now, it looks like we are pushing
past this level. So, I think the next
pivot area is going to be the next place
where we're going to see a little bit of
a pullback on US oil. That's going to be
right around $110 a barrel. So, what is
this that we're looking at? Now, I'm
going to stay away from the commentary,
just kind of give you uh just the
reports on the ground.
This is a Russian oil refinery
that got struck last night. These are
This is Ukrainian ordnance that hit it.
And this is responsible for about 3% of
Russia's refinery output. That got
struck, that's going to be a little bit
of pressure on oil markets today. Also,
we look at the Saudi Arabian pipeline.
This is the latest satellite imagery.
Now, I I did check this is I'm I'm not
there myself looking with the
helicopter, but I've seen a lot of
credible accounts say this is, you know,
verified photos of that refinery. It got
bombed. This is a east-west pipeline
because Saudi Arabia, they had to pivot.
They had to pivot away from the Strait
of Hormuz. One of the ways that they
could pivot away is pipelines. But
there's a lot of experts and analysts
calling for weeks, calling for months,
ships are actually moving in the Strait
of Hormuz.
If you don't have strong radar, maybe a
little bit actually harder to hit, you
know, especially if you can't see it.
But these pipelines are stationary. They
are in a fixed location and so much more
at threat and at risk of being struck
and that's exactly what we saw. So when
it comes to the oil,
I wouldn't be surprised if we continue
to push up as, you know, tensions
ratchet up in the Middle East. But yeah,
like I said, I am watching this pivot
area right here all the way from April
of 2026. Let's talk about Nat Gas and
I'll talk about a way, you know, you
could potentially get a play on this
one. This is the April 30th pivot low.
Uh we did get some options. We we took
some nice profit. Didn't close out
completely. Got a little bit shaky a
little bit there on Thursday of last
week. Actually helped, you know, I'm
completely in profit. Uh the the options
that I got were UNG options and they had
more than doubled. And so now I'm
watching for a potential extra push to
the upside here and so that's what I'm
going to be watching. Uh but we also
have another pivot high and that's going
to be right around $3. What's important
about $3? Also a psychological barrier.
That's going to be a round number.
$1, $2, $3, $5, $10. When you're looking
at these round numbers, strong chance of
just extra volume, maybe a little bit of
extra sell pressure if you're heading
into that, maybe a little extra buy
pressure if you're falling down into
that area. And so keep an eye out on Nat
Gas hitting $3. And like I said, I'm
playing the UNG. This is the United
States Natural Gas Fund and so this is
how I'm getting exposure to that. And
we're going to teach you more about that
in Jake's show uh with Tabby where
they're going to be covering options.
Going to be breaking it down to you,
simplifying it for you folks, if you
will. But that's all I got for today.
Keep an eye out on gold and silver for
those head and shoulders. Remember, head
and shoulders are bearish chart setups.
And so this is predicting a move to the
downside. Silver hasn't confirmed. Gold
hasn't confirmed. But these daily closes
are starting to look a little bit
bearish and a little bit scary. But go
ahead and hit that like button. Make
sure you are subscribed to the channel.
And folks, I will see you at Bitcoin
Revealed, or maybe I'll be in the chat
at The Trading Game Plan in the
mornings. Bye-bye, y'all.