Hey folks, Nick Valdez here for Verified
Investing. And today we're looking at
gold, we're looking at silver, we're
also going to look at oil. And I'll tell
you why is gold pushing down today and
an upcoming level that I'm going to be
paying attention to if we make a higher
high. And we're even going to talk about
copper for a second, folks. So, without
further ado, let's jump into the gold
charts. Now, what I'm going to be
watching if we make a higher high is
going to be a level going back away. So,
if we go into the pivot low here, which
kind of give us the support that we're
looking at right now. Right now, that's
going to be a little bit lower around
4125. But, if you go back and go from
the pivot into this pivot right here and
continue to move it up, look at this,
folks. Look at this.
That hits exactly where we pulled back
about a month ago, August 25th. Now, if
we do make a higher high, I'm going to
be watching this potential uh
essentially megaphone pattern. It's it's
not too uh widening at the ends, but it
is ultimately, you know, getting a
little bit wider. So, might start seeing
a little bit of chop in the gold charts,
folks. Now, of course, we had this, you
know, this breakdown. It just kept
knocking against it, knocking against
it. And when we finally moved, we had a
very, very sharp move to the upside. And
so, if we break this megaphone pattern,
might see something similar. Now, why
are we seeing this red candle on gold?
Well, that, folks, is going to be about
the DXY. The dollar looks like it is
trying to break out. And so, we're
starting to see some pretty major moves
in the commodities as well as silver.
So, let's look at the silver chart here,
folks.
Now, silver also pulling back, folks. I
want to show you this trend line right
here.
And so, this is going to be, you know, a
nice potential area to look for at the
upside. But, we also have moves to the
downside. And I want to show you that as
well. And so now we have a little bit of
a wedge pattern. Silver potentially
going to run out of room a ways away. So
I'm going to be looking to open longs
when we touch the bottom and maybe
potentially open some shorts when we
touch the top. Now platinum also looking
very interesting here and I'm seeing in
head and shoulder but not in the smaller
time frame. We're going to be zooming
back. Now this is just a nice upward
parallel channel. Typically speaking
parallel channel will break to the
downside and you could even make an
argument we have a little bit of a bear
flag pattern. But we might be coming to
a neckline. And what is that neckline?
Well, it is this
you know, little disfigured in spirit of
head and shoulders pattern which is a
bearish pattern. So if we do, you know,
hit this neckline if we confirm below,
you know, maybe even a retest might be
looking at some lower levels for
platinum. You know, platinum may just
moved up a little too much with gold and
you know, maybe looking for just a
little bit more of a consolidation. But
you can see the shoulder here. We have
the head and now potentially setting up
the right shoulder to come into this
level right around 1550. So pretty close
to the psychological level there as
well. Now let's look at copper. Copper
breaking out of its upward parallel
channel as well. This is the weekly
chart that we are looking at here folks.
And today
we are starting to pull back. But again,
that's going to be because of the DXY.
We're seeing strength in the dollar and
so we're going to see a little bit of
weakness in the commodities. But we
might be coming in for an additional
retest on this parallel channel and if
we zoom back out to the weekly chart
you'll see this has just been on a on a
tear folks. It's going all the way back
to May of '21 and then we tested the
bottom of July of '22 and now we are
starting to move to the upside. And so
that kind of explains why you don't see
pennies. Pennies being phased out. Uh
some recent reports. Pennies, you know I
I know there's not much copper in them
anymore, uh but pennies up to close to a
$4. This one only goes to about 2024.
So, we're seeing the penny price in
itself out, folks. And if you do have
some old pennies, folks, you may want to
check those out. So, pennies pre-1982,
it actually technically happened in the
middle of 1982, but if you have any
penny from before 1982, you are
definitely safe. These things are worth
some serious money. I was looking at the
most recent prices, 50 cent sleeves of
pre-1982 pennies are going for like
$3.50.
So, you know, hey, maybe if you have
that old jar full of old change, might
want to actually dig into the couch
because you're actually looking you you
might be striking it rich here, folks,
with the with your pennies. Who would
have thought that, right? A penny being
worth so much.
Now, let's look at US oil. US oil, you
know, a little bit of a move to the
upside here. So, it's interesting seeing
this as the dollar goes up, oil going up
as well. Now, we have this descending
trend line from where we peaked here in
March of 2026. We end up touching it
here again in April, that gave us our
trend line. And what do you know, that's
exactly where we ended up rejecting not
that long ago, this is just September
15th. So, you know, you're looking at 13
days ago, less than 2 weeks. But we also
have this ascending trend line and I'm
going to be watching for a potential
trade entry, folks, but I am not
interested in a trade unless we're
touching the top, we're touching the
bottom. And then that's where I would be
looking to get my entry points. Now, I
am really interested in looking at some
nat gas options. I'll I'll explain the
ticker in a second, but we're looking at
the March 9th pivot top to the April
30th pivot low, and this is creating a
wedge pattern. So, I like a long when
we're at the bottom and a short when
we're at the top. Now, how exactly am I
trading nat gas? Well, I'm going to the
gas station and I'm filling a the Now,
I'm I'm just kidding. I'm not doing
that. Uh there is an ETF
UNG and we're going to be breaking down
how to trade options a little bit, you
know, in the future here. Jake is really
going to be, you know, breaking that
down. There's also upcoming options
alert list. We're going to be doing a
verifiedinvesting.com
if you want to check that out. But the
ticker is UNG and UNG, you know, has
some pretty good moves, folks. This is
United States Natural Gas Fund here and
you know, we opened some longs uh
basically some forward-dated options
and I'm still holding. Now, I've sold
the majority of them. Uh
I sold half at 2X and so, you know, got
all my money back and then when it went
up some more, you know, sold some more.
I actually have a little bit of a moon
bag that I would be looking to sell as
we approach this descending trend line
if we approach it, but either way I am
in the money, deep in profit here,
folks. But I will add to it if we come
back down and these are going to be, you
know, options that we expire. I like to
go about 90 days into the future, maybe
60 days into the future.
And like I said, we're going to be
breaking down how to do that imminently,
folks. But uh UNG getting pretty close
to this descending trend line, so I
might be looking to exit my position
completely, folks. But thanks for
watching the commodities breakdown here
for the pro charts here on verified
investing. I appreciate you guys
sticking around to the end. Keep an eye
out on gold and especially if DXY ends
up reversing, we might start seeing some
pumps in gold, pumps in silver, but I'm
going to be looking at this broadening
wedge in the meantime, folks. And uh
what I'm watching if we do make that
higher high is, you know, basically what
they call it the megaphone pattern cuz
kind of moves like a megaphone. So, I'm
screaming from my megaphone, keep an eye
out on the precious metals, folks. Hit
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Appreciate it, folks.