GOLD & SILVER 31st December 2011 Weekly Reports

GOLD Primary and Weekly cycles

GOLD is starting the new Primary cycle below the 2012 Yearly 50% level, which is bearish...

It could move above 1599 durinng January and test the Monthly 50% level @ 1631, but those levels are seen as resistance.

At this stage my view is that the trend is going to continue lower and move down into the January lows, with first Quarter support around 1430 to 1492...

And then a possible move down into the 2012 Yearly lows by the 3rd Quarter.

SILVER Primary and Weekly cycles

First BUY zone on Silver is around the January lows and the first Quarterly level @ 24-25.50.

The swing target is the 1st quarterly 50% level @ 32.69, and as high as the Yearly 50% level @ $34.51

The Yearly 50% level is seen as resistance...

For those that want to look to BUY Silver for the medium to long term (3-months & longer)....

my view is that it will struggle to move higher than the Yearly 50% level for the first 6-months.

AND you DONOT want to see Silver trading below Yearly support (19.85 to 22.65)...

as it will likely extend to new lows into 2013.

GOLD & Silver Weekly Report 24th December 2011

GOLD Primary and Weekly cycles

Gold continues to look weak using the lesser timeframe cycles.

However, the critical cycle begins the week after next when the 2012 Primary cycles kick into gear.

The new Primary cycle will determine whether Gold follows the same bubble pattern as Silver, and continues to move lower during the first quarter

Silver Primary and Weekly

Trend bias is to continue down into the Support levels for 2012.

In the short-term, the Weekly levels will determine whether the last week of 2011 continues down into the weekly lows...

or up towards the Weekly 50% level and towards the first quarterly 50% level (Resistance)

GOLD & Silver Report 17th December 2011 Weekly report

GOLD Primary and Weekly cycles

Even though Gold could rise upwards in the last 2-weeks of the month, as part of retesting last week's breakout @ 1668...

My view is that if price is trading below the 2012 Yearly 50% level, the trend bias is down, into the first Quarterly levels

SILVER Primary and Weekly Cycles

Trend bias is down into Support levels for 2012

GOLD Report 15th December 2011 Daily report

GOLD Primary and Weekly cycles

Same 'bubble' pattern as Silver, but delayed in the price action by
about 3-months:- confirmed with the Weekly low breakout @ 1668

Random support December lows...@ 1556

But the critical level in the 2012 Yearly 50% level, whilst below that
there is a trend bias back towads the first Quarter level @ 1440...

and as low as the Yearly lows by the 3rd Quarter.

GOLD SILVER Weekly Report 10th December 2011

GOLD Primary and Weekly cycles

Gold continues to consolidate until the end of this Quarter, as it remains below the December 50% level.

Short-term the price action remains weak.

However, for long-term Gold traders the level that needs to be watched is the 2012 Yearly 50% level.

This level will define whether the current Bull Trend continues towards the 2012 highs

Silver Primary and Weekly cycles

Everything remains weak in Silver, as it struggles to move above a number of timeframe resistance levels in the 4th Quarter.

And if it can't breakout of the Weekly highs by the end of this month...

Then there is a good chance that Silver will be pushed down towards the Support Zone, as shown in the Primary Chart

GOLD & Silver 3rd December 2011 Weekly Report

GOLD Primary & Weekly Cycles

Gold has closed back above the monthly 50% levels, which is a good sign for those bullish on Gold...

As long as it remains above the Monthly and Weekly 50% levels.

There is a Friday 5-day high reversal pattern, therefore next week is seen as starting with a continuous 2-day reversal pattern.

If it remains above those key support levels by Wednesday, then December has a good chance that it  will remain supported with an upward bias inside the Weekly levels until the end of the year.

Silver Primary and Weekly cycles

Silver tried to move towards the December 50% levels this week, but once again failed at the 4th Quarter 50% level.

Next Week's price action will be defined by the Weekly 50% level, and whether it moves towards the December 50% level...

or moves back towards the Weekly lows.

GOLD & Silver Weekly Report 26th November 2011

Gold Primary and Weekly Report

Weekly lows have supported the weakness in the price of Gold...

and by the look of next week's levels...

more than likely continue to follow the Weekly cycles towards next week's lows

Silver Primary and Weekly cycles

The Price of silver continues to remain depressed, as it follows the Weekly cycles, dipping to new short-term lows each week. 

There is a chance that the price of Silver moves up towards the December 50% level over the next 5-7 days

However, I still wouldn't move into Silver until it is at much lower prices (2011 50% level)

GOLD Daily report 22nd November 2011

As mentioned a number of weeks ago, Gold is showing the same Bubble pattern as Silver.

The short-term trend is determined by the November 50% level and next week's 50% level, and weakness will be confirmed if price is trading below the dynamic Weekly lows.

GOLD Primary and Weekly cycles

Change in Weekly dynamics (Weekly 50% level) has seen the price of Gold come down into the Weekly lows @ 1676.

If Gold can't rise up on Tuesday and remain within the Weekly levels....

then it's going to end up back down into the November lows @ $1546, and dip lower in December towards $1480

Simply refer to the previous reports and the price action in Silver, as this can easily occur in the price of Gold over the coming weeks.

GOLD SILVER 19th November 2011 Weekly Report

Those who are long, you don't want to see GOLD spend any time below the November 50% levels...

especially in the last week of this Month.   (Previous Weekly Report)

GOLD Primary and Weekly cycles

Coming into the last weeks of November and Gold is at a critical level in it's UP trend....

The short-term trend is determined by the November 50% level and next week's 50% level, as shown in the above chart.

As mentioned a number of weeks ago, Gold is showing the same Bubble pattern as Silver, and traders need to be aware that if it follows the same downward move it's going to happen in the last month of the current Quarter.

It's not set in stone that it will, but it will be confirmed if price is trading below the dynamic Weekly lows.

SILVER Primary and Weekly cycles

As I have been saying for a number of weeks,  Silver looks much better a lower prices....(Weekly lows Random support)

Silver continues to remain below higher timeframe 50% levels (Yellow), and we can see price has made a visit of the Weekly lows, which has provided some  random support.

I still prefer Silver at much lower prices....

GOLD & SILVER 12th November 2011 Weekly Reports

GOLD Primary and Weekly cycles

Trend bias is to continue higher, as it follows the Weekly cycles.

Those who are long, you don't want to see GOLD spend any time below the November 50% levels...

especially in the last week of this Month.

SILVER Primary and Weekly cycles

Silver continues to struggle to move higher, as the 4th Quarterly 50% level continues to resist the trend from rising.

Bullish pattern will see price rise up from the Weekly 50% level and breakout of both the Weekly highs and Quarterly 50% level.

Bearish pattern would be based on the same rising pattern, but the Weekly highs stalls the trend from rising and price is pushed back below the November 50% level, and the following Weekly 50% level (the week after next).

As I have been saying for a number of weeks,  Silver looks much better a lower prices....(Weekly lows Random support)

GOLD & Silver Report 5th November 2011 Weekly

Next week's highs are seen as resistance for a retest of 1704.46 and 1694.

Once that occurs then November comes into play and the new monthly 50% levels.

If the Trend is going to continue higher, as part of price rising up from the Primary cycle Support zones, then it needs to remain above the November 50% levels

A higher step formation in the forward month (higher 50% level) can often lead to weakness in the following month  (Previous Weekly Report)

GOLD Primary and Weekly cycles

Instead of moving up into the Weekly highs and then  down to retest the Support levels, GOLD moved down early in the Week and had risen upwards.

The Critical Support level on GOLD now remains the November 50% level @ $1730

As long as price remains above that level the trend bias is to continue higher.

However, as mentioned in last week's report....

The higher step formation in the monthly levels can often lead to sustained weakness if price is trading below that level

Silver Primary and Weekly cycles

Silver continues to trade under resistance levels using the Quarterly and Monthly 50% levels

Silver doesn't rock my boat until it is trading around the Quarterly lows,

 or the 2011 50% level. $24.90

GOLD & SILVER 29th October 2011 Weekly report

if it's going to continue higher it will need to rise up from next week's 50% level and breakout of the Weekly highs

Previous Weekly report

GOLD Primary and Weekly cycles

Gold has risen from the Weekly 50% level and has broken out of the this week's highs, and likely to continue up into next week's highs.

Next week's highs are seen as resistance for a retest of 1704.46 and 1694.

Once that occurs then November comes into play and the new monthly 50% levels.

If the Trend is going to continue higher, as part of price rising up from the Primary cycle Support zones, then it needs to remain above the November 50% levels

 

Silver Primary & Weekly cycles

Larger cycles in Silver has only seen price rise up and retest the 4th Quarterly 50% level.

I have the same view as Gold, and that Silver will rise up into next  Week's highs, but then reverse and retest this week's breakout @ 33.83....

Which will align with the November 50% level.

Note:- A higher step formation in the forward month (higher 50% level) can often lead to weakness in the following month

GOLD & SILVER Weekly Report 22 October 2011

if GOLD decides it wants to continue to consolidate over the next 4-weeks, it will struggle and remain in a tight trading range.

The longer GOLD consolidates around Primary support, the more reason there is for Support to fail in the last month of the current quarter and move towards the Quarterly lows


Previous Weekly Report

GOLD Primary and Weekly cycles

GOLD continues to consolidate during October, and if it's going to continue higher it will need to rise up from next week's 50% level and breakout of the Weekly highs.

Otherwise a close below Support and the Weekly lows will put pressure to follow the trend towards the 3-month lows (first target $1480)

Silver Primary and Weekly cycles

The same applies on Silver....

it will need to breakout of the Weekly highs, as those highs and the October 50% level can form resistance zones

And by looking at the price action in the Primary cycles, any further weakness will push Silver down towards $23.50 to $25.00  (NEXT BUY ZONES)

GOLD & SILVER Report 15th October 2011 Daily

Gold could climb upwards if it remains within the Weekly levels (white)...


However, my view is that the next 4 weeks will continue to flip-flop around Primary support until November...


Previous Weekly Report

GOLD Primary and Weekly cycles

Gold has continued to consolidate around the Primary support levels.

As we can see in the above chart, the Weekly highs have now caught up with the current price action in the Quarter

For Gold to continue higher, it will need to breakout of those highs and follow a double Weekly cycle pattern, which is a 2 week upward trend.

However, if GOLD decides it wants to continue to consolidate over the next 4-weeks, it will struggle and remain in a tight trading range.

The longer GOLD consolidates around Primary support, the more reason there is for Support to fail in the last month of the current quarter and move towards the Quarterly lows

SILVER Primary and Weekly cycles

Silver continues to consolidate, and I'm having a hard time seeing more gains during the current Primary cycle in 2011.

For that to happen it will need to break out of the weekly highs.

 GOLD traders, have a look at the price action in Silver, and see if you can see a similar pattern that's currently unfolding in GOLD.

if Gold follows the same 'bubble pattern' as Silver, then the last month of the current quarter is what you need to keep your eye on.

GOLD & SILVER 8th October 2011 Weekly Report

"this is the first month of the quarter, and it's already trading around support, so it wouldn't surprise me to see the next 4 weeks consolidate around support.

When we look at the Weekly cycles (right chart).... there is a potential rejection pattern around the Weekly 50% level"

Previous Weekly report

GOLD Primary & Weekly cycles

GOLD is currently trading around Primary support levels, but it's being kept in check around the Weekly 50% level.

Next Week:- Gold could climb upwards if it remains within the Weekly levels (white)...

However, my view is that the next 4 weeks will continue to flip-flop around Primary support until November...

short-term weakness is based on price trading below 1637.

Silver Primary and Weekly cycles

Silver could climb upwards if it's trading above the weekly 50% level...

but hit resistance around $35.97

However, my view is that the best price to BUY silver remains around lower support levels @ $24-$25 in the Primary cycles (October lows)

GOLD & SILVER 1st October 2011 Weekly report

GOLD Primary and Weekly cycles

Gold has rotated back down into a major support level in the 4th quarter. (SUPPORT)

All trends originate from these levels and continue outward, and if the Primary cycle trend remains bullish it shouldn't spend anytime below SUPPORT. The last time that occurred was  in July 2008, when price was $922.00

The most bullish patterns have been occurring in the 2nd month of the Quarter, as price in the first month rotates down into support, and then the 2nd month rises up from support and continues upwards during each individual quarterly cycle.

However, this is the first month of the quarter, and it's already trading around support, so it wouldn't surprise me to see the next 4 weeks consolidate around support.

When we look at the Weekly cycles (right chart).... there is a potential rejection pattern around the Weekly 50% level that could see price move towards next week's lows and as low as the October lows

In conclusion:- if you are bullish and believe that GOLD is going to continue higher, then these are the levels that should be of most interest.

Just keep an eye on the Weekly cycle for short-term weakness.

Silver Primary and Weekly cycles

Sliver found support around its Weekly lows this week, but in my opinion it's likely to dip down into the October lows, which coincide with the Yearly 50% level.

Anywhere around $24-25 looks like a robust support zone, validated with lesser timeframe cycles

GOLD & SILVER Weekly Report 24th September 2011

GOLD Primary and Weekly cycles

As per previous report, Thursday's close below the Weekly lows was going to put pressure on the trend.

And as we can see in the above chart, price is moving back towards the July breakout (3rd Quarterly highs), matched with next week's lows @ 1590-1594

However, in the short-term, there's a good chance that Friday's price action will see a move upwards next week & back towards the Weekly breakout  & September 50% level.

Once that occurs the trend is likely to be sold down once again towards 1594,  providing new levels for the 4th Quarter.

SILVER Primary and Weekly cycles

Silver is heading back towards the yearly 50% level @ 24.93.

However, next week is likely to see an upward move towards the September lows @ $34.31.

once that occurs the trend is likely to be sold down towards next week 's lows @ 28.16, and then $24.93 in October.

Note:- $24.93 is a robust support zone for 2011

GOLD Report 22nd September 2011

GOLD Primary and Weekly cycles

As I've been mentioning for a number of weeks now...

for the trend to continue higher into the 4th Quarter and then 2012 price would revisit the Weekly lows in September, find support, and then begin the next move upwards.

As we can see in the above chart, price has moved down into the Weekly lows, but it hasn't found support.

That might change if Friday closes higher, or  next week opens above  the September 50% level....

However, on most occasions the market won't break the Weekly lows @ 1752.

Whilst price is below the Weekly lows any view that the trend is going to continue higher is now open to RISK

GOLD Silver Weekly Report 18th September 2011

GOLD Primary and Weekly cycles

I would like to see GOLD hit the Weekly lows this week...

and then begin to move upwards over the coming days....

as this will form part of an expected move towards new highs in October.

Silver Primary and Weekly cycles

As view as GOLD

GOLD & Silver Weekly report for 17th September 2011 will be out on Monday afternoon (4pm).

nothing has changed from previous reports,  the Weekly lows remain the support zones

GOLD & SILVER Weekly Report 10th September 2011

GOLD Primary and Weekly cycles

Trend bias in the Primary cycle is to continue towards higher highs in October, and then push towards new highs in 2012

However, I would still like to see price retest the weekly lows in September before the trend follows the quarterly breakout pattern from July into October's highs

Silver Primary and Weekly cycles

Same applies on Silver...

Expectation of higher highs in October

but I would like to see price come down into trailing support levels that coincide with GOLD reaching the Weekly lows, before the next upward leg begins

GOLD & SILVER 3rd September 2011 Weekly report

GOLD Primary and Weekly

Looks to be following the Weekly range towards the highs...

Keep an eye on the Weekly level @ $1869...

simply because we have moved into September, and the trailing Weekly lows  are the Support zones for a move towards new highs into October (4th Quarter)

Silver Primary and Weekly cycles

Same applies with Silver

GOLD & Silver 27th August 2011 Weekly report

GOLD Primary and Weekly cycles

Gold's reversal last week wasn't unexpected, because I've been saying for a couple of weeks now, that if the trend is going to continue with the breakout in July towards new highs in October...

price needs to revisit the Weekly lows in September.

As we can see the trend reversal was down from the Weekly highs into the Weekly 50% level forming support. This could result in GOLD moving back upwards.

However, keep an eye on a double bottom over the next couple of weeks that aligns with the Weekly lows @ 1694 to 1679

Silver Primary and Weekly cycles

In the short-term, Silver should move up into next week's highs.

Those highs could form a resistance level and push price back down into the trailing Weekly level, which coincides with the Primary 100% level. (last week's report)

This week has seen Silver move up into the Weekly highs and reverse back down into the trailing Weekly levels.

Current trend continues to remain supported.

Current price action suggests a supported 5-day pattern next week coming into the start of September, and the next monthly 50% level will be the trend guide.

Another pattern to keep an eye on if Silver is going to move upwards over the next couple of months , I'd align the next upward trend with GOLD hitting the Weekly lows.. (support)

GOLD & SILVER Weekly Report 20th August 2011

GOLD Primary and Weekly cycles

GOLD contines to rally as it's following a Quarterly break and extend pattern from the July highs towards new highs in October.

However, to get back into the trend price needs to revisit trailing support in September (Weekly lows @ 1655)), which matches the 100% level @ $1679

Silver Primary and Weekly cycles

Silver has continued to move upwards after rising up from the Weekly lows and helped by a breakout of the Weekly highs, with a target of $49.43

In the short-term, Silver should move up into next week's highs.

Those highs could form a resistance level and push price back down into the trailing Weekly level, which coincides with the Primary 100% level.

If the trend is going to continue upwards, it should remain above $40.81

GOLD & SILVER reports 12th August 2011 Weekly

GOLD Primary and Weekly cycles

GOLD has spiked on the US credit downgrade, and the trend continues to follow the breakout patterns in the Weekly timeframe.

As noted in the previous reports, this trend can last towards higher highs into October (4th Quarter) and then into higher highs into 2012, and the next primary cycle.

However, the price remains in a bubble pattern above 1679 until it revisits the Weekly lows, and it might not revisit the Weekly lows until September.

SILVER Primary and Weekly cycles

Silver remains within a consolidation band above higher timeframe support levels.

As long as Silver remains above $36.80, the trend should continue towards higher highs into 2012

But in the mean time, Silver could continue to consolidate for the next couple of weeks into September, and then decide whether it will begin the next leg upwards using a support thrust pattern and the monthly 50% level.

Gold & Silver Weekly Report 6th August 2011

GOLD Primary and Weekly cycles

Gold has reached the 2011 Yearly target @ 1679 and stalled.

This is my top target for 2011, but as explained in the previous report, there are a number of breakout patterns that can continue to extend towards higher highs.

The first being the Weekly breakout, that could extend towards next week's highs @ 1693.50

As we saw the Weekly high @ 1644 form support on Thursday, after sellers appeared once 1279 was reached.

The 2nd Breakout pattern is the July breakout that could extend towards higher highs in October (target unknown as yet)

But for those who have read my book, the next pattern to capture the July breakout is a retest of the Weekly lows in the 3rd month of the Quarter (September)

Therefore 1279 has been reached and could act as a major resistance level for the rest of 2011.

However, there is a possibility that the trend continues upwards next week, but.....

it's the trailing Weekly lows that long term traders want to see retested *( Validated)

Silver Primary and Weekly cycles

Silver has struggled to rise higher than the 2011 Target @ 40.81

And with this week's price action, likely to continue down into the 3rd quarterly 50% level @ $36.80...

$36.80 is a major support zone.

Long term traders (holders of Longs) don't want to see the price of silver trading below this level.

GOLD Report part 2 (3rd August 2011)

Gold continues to move upwards with the expectation that it will move towards the August highs @ $1658... And the price of Gold could hit the 2011 target early next week $1679

(Weekly report)

GOLD Primary and Weekly cycles

 Gold has reached it’s August highs, and will probably reach it’s Yearly high target @ 1677/79 over the next couple of days.

The Price of Gold could continue to trend upwards, based on the Quarterly breakout pattern in July, that could extend towards the 4^th Quarterly highs in October (target unknown as yet)…

And it could also continue to extend upwards into the highs of the next primary cycle in 2012 (targets unknown as yet).

Both these patterns are based on break and extend patterns in the current timeframe cycles (Primary & Secondary), that extend towards the following cycle highs in the future.

However, once it starts to trade above $1679, gold moves into bubble territory for 2011, which is a similar pattern that occurred in Silver earlier this year.

Therefore once 1675/79 is reached, the next long term BUY zones become the 3-month lows….

 Traders could validated tops by using a Weekly 5-day cycle close (Friday) and use next week's open to determine whether the trend has continued upwards in the short-term, or sellers appear.

Note:- there is a breakout of this week's highs @ 1644, therefore there is still the possibility that this 5-day cycle continues towards next week's highs 

GOLD & Silver 30th July 2011 Weekly Report

Whilst Gold remains above the July highs, in theory, it should continue to push upwards and follow the weekly high cycles over the next 2-weeks and complete the move into 1677 by the first week of August...

Previous Weekly report

Gold Primary and Weekly cycles

Gold continues to move upwards with the expectation that it will move towards the August highs @ $1658...

and if they don't do anything over the weekend to rectify the debt ceiling issue, price of Gold could hit the 2011 target early next week $1679

Note:- if something happens and they raise the debt ceiling, along with the Friday high pattern, then next week will start with a 2-day reversal down towards the Weekly level $1594

and could reach the August 50% level by Friday...

If it does move down into the August 50% level @ $1574 by next Friday, then that level will be used as a trend guide of another attack towards the 2011 target (following Week)

Silver trading above the July 50% level, and in theory it should continue to follow next week's cycle highs...

 and then another 5-days upwards at the start of August... (Previous Weekly report)

Silver Primary and Weekly cycles

Silver not as robust as gold, as the 2011 highs @ 40.81 continues to resist the trend from rising..

The short-term support level on Silver is next week's 50% level $ 38.96, and whilst it's above that level, the trend bias remains up.

However, if below, then the trend will revisit the 3rd quarterly 50% level @ $36.80