The quarterly chart below is truly against metal-bulls. It is outlining the quarterly development for Precious Metals (Gold, Silver and Platinum). The graph is equally weighted among the three, and each bar is showing an entire quarter of trading activity.

According to the chart, there is a clear lower low and a lower high recognized on a quarterly scale. This pattern is signalling weakness rather than strength towards the latter stage of 2022. In order to change the current downward pressure, prices should collectively soar more than + 11.5% from September closes. That would challenge last quarter highs.

2022-10-12 16:30 | Gold, Silver, Platinum, Commodities, Metals, Long term