GOLD Primary and Weekly cycles
Weekly Cycles are driving the price of gold in the short-term :- UP
Price has been trading above the higher timeframe 50% levels for the past 2-weeks, and could continue to push higher.
However, the interesting level during the first Quarter will be whether 1687.25 will form a resistance zone for the next 8 weeks, and move into a sideways pattern until the 2nd Quarter.
Silver Primary and Weekly cycles
Silver rotating UP towards the higher timeframe 50% levels.
Next Week's highs could form a random resistance zone, which aligns with the 1st Quarter 50% level...
however, the price of Silver could continue up into the Yearly 50% level @ $34.51, which is seen the Primary resistance zone.
Even though I think SILVER will move down into the 2012 Yearly lows, there is nothing in the short-term cycles that suggest that will happen (just yet)