The chart below is outlining the monthly development for Precious Metals. Gold, Sliver and Platinum are equally weighted and each bar is showing one month of trading activity.

According to the chart, there is now an inside bar on a monthly scale. There is a lower high and a higher low signalling some sort of pause to the last months weakness. Going into the fall, an upcoming stronger move is to be expected from a technical perspective.

From July's close to the top of the latest bar there is + 9.7%. Until metals is trading above this level, the downtrend is continuing for the longer term.

2022-09-04 19:15 | Gold, Silver, Platinum, Longer Term, Medium Term, Metals