Trade the Levels, Not the Narratives!

Added: 2026-05-20

[00:00:00]Future trading involves a substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Now, getting into the technical setup here on a lot of these metals markets, kind of the four primary levels that I'm watching that remain that I've got on all the charts here. Gold, it's really 4,400. It's a middle rising trend line since August 2025. Hasn't really been tested yet. You got 4,483. That's been a wedge bottom here that the market has defended. You go to the silver market, it's $73. It's really a structural uh neckline here, a falling wedge boundary. The overnight lows yesterday had tagged 7411.

[00:00:39]We're not close to that here as of this trading. You actually have aluminum pushing on up. That's one of the key commodities that moves through that passage in Hormuz. So, you got $73 on that silver market. Copper, it's 620.

[00:00:52]It's really that neckline here. That's where both shoulders really come in on there, and I put all this in the chart pack here. And then you get platinum, it's $1,800. That's the April low on the structural pattern floor. Hasn't been tested yet. 1950 is this rising wedge boundary that's is um near near to that level. So, you look at the overnight on platinum, 1963. Tag that 2,000 mark. Had a lot of clients working some sells up at 2,000 and were clipped on the overnight session here to get out of that position. Traders heading in today, I really think on the copper market, there's going to be some stops at 610.

[00:01:27]You look at silver, the stops will be around 72. On the gold market, 4440. And then platinum, really watching that 1950 level here. So, you really want to trade a lot of these levels, not the narratives that are out there. You can get yourself really down a rabbit hole if you start looking at just the headlines, the story, and things like that. Just look at the charts here and let the charts kind of guide you. Trade the levels, not the narratives.