Metals

Industrials up and precious metals down.

Copper –

Weekly target is 2.53, but now near the entry price for a long cycle up move, 3.325.

Daily up to the 3.26 target from the 2.952 entry price. next target is 3.48.
3.07 is the entry price for a move down.
trade pressures down, time pressures up til Aug 9th.

Gold –

Weekly –
down from the 1267.97 high to the 1162 target. next weekly target down is 1140 then 1097.
trade pressures extended down and time pressures are down.

Daily –
down moveĀ targetĀ of 1134 and 1180 remain.
time pressures up and trade pressures up.
New entry price up at 1182.88 with a target of 1219.