That would be based on the US dollar moving into a short-term counter-trend move upwards later next week ..."
Previous Weekly report
GOLD Primary and Weekly cycles
The USD has risen late this week, putting pressure on Commodities to fall later in the week.
The level the USD has risen on Friday is at point that it can reverse down from next week, and resume its downward spiral, as part of the next stage of a 'dollar collapse'
If the USD begins to reverse down then GOLD should find support at it's Weekly 50% level @ 1523 and push upwards, as part of a move towards higher highs in June/July
If the USD continues to rise up for the next 3-days, then we could get Commodities drifting sideways into July, whilst GOLD slipping down towards the June 50% level and Weekly lows @ $1506
Silver and Weekly cycles
As noted in last week's report, Silver and Gold cycles are different, but if the USD drops Silver will rise, with a support level @ $35.26 coming into play.
If USD continues to rise....
Then silver will continue it sideways pattern into the start of the 3rd quarter...when the upward trend becomes less reliable if it begins trading below the 3rd Quarter 50% level.