Metals

The dollar DX is flirting with the year 2010 support levels and the metals are rallying.

Gold – long term cycles are in the down move to 1241, with support at 1314.
the daily has met its 1354 target and is oversold and ready for consolidation.
a move thru 1383 is required to restart the move up.
time pressures are at then end of the down cycle and the trade pressures are fully over sold.

Copper – long term still in the move up. at a 4.4398 target, with downward time pressures and overbot trade pressures.
the daily cycle is ending at the end of the month and the trade pressures have turned up. a move thru 4/46 should start a new move up.

SLW the silver proxy. up 1.23 today as it approaches the new long entry price of 33.87.
the time pressures turn up on the 27th of Jan and trade pressures are showing positive divergence now.