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August gold closed lower on Friday. The mid-range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If August extends the decline off April's high, the 75% retracement level of the 2016-2018 rally crossing at 1213.00 is the next downside target. Closes above the 20-day moving average crossing at 1259.60 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1259.60. Second resistance is the reaction high crossing at 1274.40. First support is today's low crossing at 1236.20. Second support is the 75% retracement level of the 2016-2018 rally crossing at 1213.00.

September silver closed lower on Friday as it extended the decline off June's high. The mid-range close set the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off June's high, the July-2017 low crossing at 15.625 is the next downside target. Closes above the 20-day moving average crossing at 16.194 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 16.194. Second resistance is the 50-day moving average crossing at 16.485. First support is today's low crossing at 15.700. Second support is the July-2017 low crossing at 15.625.

August copper posted an inside day closed slightly lower on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If August extends the aforementioned decline, the 62% retracement level of the 2016-2018 rally crossing at 257.85 is the next downside target. Closes above the 20-day moving average crossing at 294.12 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 284.10. Second resistance is the 20-day moving average crossing at 294.12. First support is the 50% retracement level of the 2016-2018 rally crossing at 272.10. Second support is the 62% retracement level of the 2016-2018 rally crossing at 257.85.

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