Copper – have moved thru the 3.76 target signalling higher. next target 3.83. and longer term to 3.91.
a move below 3.68 will signal lower.
the trade pressures are fully extended and time is very near the end of a cycle. any correction is likely to be significant.
Gold – 1347 was the final target for the july move up. 1377 is the next target on a longer cycle. we subsequently traded to 1362 and quickly pulled back below the 1347 target.
a 1336 short entry was triggered and the second time thru will be significant. a break above the 1363 will also be significant.
all trade pressures are fully extended up on all time frames. time pressures are down to 10/19.