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Intraday Market Thoughts

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Copper Broke, Time to Worry?

by Ashraf Laidi

Sep 28, 2023 12:22

Is it time to worry? In last week's video I mentioned how silver, platinum and copper held up their trendline support, offering comforting signs for gold. But this week, copper broke its 14-month trendline support. See what I said about silver's role in the video. Focus on that 21.95. Here's the video again

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Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R (2 years ago)
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Moving the goalposts? Trend vs Trendline: Gold, DXY, Yields https://t.co/htxZzKjl7U #forex #XAUUSD $GLD $TNX https://t.co/NE7mSpN2wq (2 years ago)
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Latest Poll - Jul 05

Which of the below do you think is the most appropriate?

0.50 in Jul & Sep

92%

0.75 in Jul & Sep

2%

0.75 in Jul & 0.50 in Sep

3%

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1%

0.50 in Jul no Sep hike

3%

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