Gold And Copper Look To Move Higher

• USD trades lower ahead of Jackson Hole
• Gold eyes on 1776-1760 support
• Copper seems bullish

We have some interesting developments and structures that are pointing lower USD, but if you are willing to play this game, then keep in mind that there is a weekend risk, due to Jackson Hole Symposium and potential new attacks in Afghanistan.

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Metals are bullish on intraday charts, especially Gold after that impulse through on August. However, there can be a deeper pullback coming back to 1776-1760 support when looking at incomplete substructures on an hourly time frame.

Gold 1h Elliott Wave Analysis Chart

From an Elliott Wave perspective, Copper also remains in an uptrend, suggesting more gains.

Copper 4h Elliott Wave Analysis Chart