GOLD & SILVER 31st March 2012 Weekly Reports

GOLD Primary and Weekly cycles

Gold is about the start the 2nd Quarter below the 50% level, as shown in the left chart.

And based on the current price action is likely to continue down towards the Weekly lows. (random support)

However, that can quickly change if GOLD is trading above the April 50% level

SILVER Primary and Weekly cycles

April 50% level will define whether the price of Silver continues down towards the Weekly lows. (or not)

Note:- current primary trend remains bearish, as it's below the 2012 Yearly 50% level.

Long term Support remains around $23.00

GOLD & SILVER 24th March 2012 Weekly Reports

GOLD Primary and Weekly cycles

Weekly cycles remain bearish, whilst the Primary cycles and 1st Quarterly 50% levels continue to Support GOLD.

The defining moment on the trend of GOLD will begin in April, and the change in the 2nd Quarterly cycles.

Therefore, traders need to see GOLD trading above the Weekly 50% level over the next 3-days for the UP trend to be held...

otherwise GOLD will likely come under pressure from April onwards.

SILVER Primary and Weekly cycles

Silver remains bearish within all it's timeframe cycles.

As with GOLD, silver needs to be trading above the Weekly 50% level.....

otherwise the long term support zones will be the levels of interest in 2012.

GOLD & SILVER 17th March 2012 Weekly Reports

GOLD Primary and Weekly cycles

Last week's view was the GOLD & Silver would remain above support levels and continue higher.

However, that quickly changed when Tuesday failed to remain above the Weekly level followed by price breaking support levels in March. (March 50% level)

When we look at the Weekly cycles, the trend remains below Support levels and could continue to follow the Weekly cycles towards new lows.

However, in the Primary cycles, the 1st quarterly 50% level @  1634 is supporting the price of GOLD.

What traders need to keep an eye on is the start of the 2nd Quarter (April)... as this will define whether GOLD moves upwards, or it possibly dips back towards the Yearly 50% level, and lower to long time Support levels @ 1460-1495.

Short-term:- next week could remain within a tight 5-day range below the March 50% level, whilst the 1st Quarterly 50% level supports the price

SILVER Primary and Weekly cycles

I had the same view as GOLD, of it remaining above Support and continuing higher, but that didn't eventuate.

Next Week:- it's a simple case of price either remaining below the MARCH 50% level, as price is once again below the Primary 50% levels...

or it finds some buying support, and continues back towards the Weekly 50% level.

GOLD & SILVER 10th March 2012 Weekly Reports

GOLD Primary and Weekly cycles

GOLD was able to remain above the Weekly lows, after closing below support on Tuesday (Fake break)

Fake break patterns often continue with the overall trend, and that means a move back towards the Weekly highs, and as high as the Monthly highs by April.

The only thing that will be of concern is, if the next 5-days fails to remain above the Weekly 50% level and consolidates above these support levels.

Traders would have to keep an eye on a potential break of support in the last week of the month and first Quarter

Silver Primary and Weekly cycles

The same applies for Silver, Weekly low support will often extend up towards the monthly highs by April.

However, if Silver fails to remain above the Yearly 50% level and continues to consolidate below the Weekly 50% level for the next 5-days...

then the last week of the current Quarter could be open to Risk.

In conclusion:- both Commodities remain stable above support zones in the 1st quarter, and expectation is that they will continue upwards

GOLD & SILVER 3rd March 2012 Weekly Reports

GOLD Monthly & Weekly cycles

GOLD has revisited the monthly 50% level and 1st Quarterly level @ 1687.25...

The trend bias remains robust, as longs as it remains above these levels

Anything below the Weekly lows is open to RISK

SILVER Monthly and Weekly cycles

Primary trend remains UP, as long as it's above the Yearly 50% level...

The trend will change, if it's below the Weekly lows.

Next Week:- Weekly 50% level is the trend guide