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October gold closed sharply higher 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If October resumes the rally off May's low, the 62% retracement level of the 2011-2015-decline on the weekly continuation chart crossing at 1588.20 is the next upside target. Closes below the 20-day moving average crossing at 1489.70 would confirm that a short-term top has been posted. First resistance is last-Tuesday's high crossing at 1539.50. Second resistance is the 62% retracement level of the 2011-2015-decline on the weekly continuation chart crossing at 1588.20. First support is the 20-day moving average crossing at 1489.70. Second support is the 50-day moving average crossing at 1443.20.

September silver closed sharply higher on Friday. The high-range close set the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are diverging and are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September resumes the rally off May's low, the 87% retracement level of 2018's decline crossing at 17.906 is the next upside target. Closes below the 20-day moving average crossing at 16.839 are needed to confirm that a short-term top has been posted. First resistance is last-Tuesday's high crossing at 17.490. Second resistance is the 87% retracement level of 2018's decline crossing at 17.906. First support is the 20-day moving average crossing at 16.839. Second support is the 50-day moving average crossing at 16.066.

September copper closed sharply lower on Friday. The low-range close sets 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 resumes the decline off July's high, weekly support crossing at 234.12 is the next downside target. Closes above the 20-day moving average crossing at 259.82 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at 259.82. Second resistance is the 50-day moving average crossing at 265.63. First support is today's low crossing at 252.35. Second support is weekly support crossing at 234.12.