GOLD & Silver 28th April 2012 Weekly Reports

GOLD Primary and Weekly cycles

GOLD has found some monthly support @ 1625....

and is now likely to continue up towards the MAY 50% level

However, it's likely to struggle to move beyond that level.

Note:- Primary trend remains above the Yearly 50% level, therefore the Primary cycle is still bullish....

but it likely to continue to consolidate during the current secondary cycle (Quarterly)

SILVER Primary and Weekly cycles

Primary cycle remains weak...

Whilst the Weekly cycles have an each way bet in the short-term using the Weekly 50% level as the trend guide.

The Trend may move above the Weekly 50% level and find its way back towards the MAY 50% level (resistance)...

but it it has just as much chance of following the Primary trend, and continue down towards the new Weekly lows from Tuesday onwards.

GOLD & Silver 22nd April 2012 Weekly Report

GOLD Primary & Weekly cycles

Trend remains weak, as it consolidates below the April 50% level

SILVER Primary & Weekly Cycles

I still have the view that silver is moving towards the Weekly lows... (random support)

with long term support shown in the Primary cycle chart on the left

GOLD & Silver Reports 14th April 2012

GOLD Primary and Weekly cycles

The Price of GOLD is caught between a Rock and a Hard place during this current Quarterly cycles.

GOLD looks like it can continue to consolidate within a tight trading range within the Weekly ranges for a number of weeks

Trend guide Weekly 50% level

SILVER Primary and Weekly cycles

2nd Quarter Support resides around $30.71

long term support resides around $23.50

GOLD & SILVER 7th April 2012

GOLD Primary and Weekly cycles

2nd Quarterly 50% level is pushing GOLD lower...

With long term support around 1465/95.

In the Weekly cycles, GOLD has completed the minor break and extend pattern into this week's lows.

This could result in a short-term counter-trend move upwards, as it remains above the Yearly 50% level.

However, below these current lows GOLD will likely continue to trend down towards the April lows @ 1566

SILVER Primary and Weekly cycles

Primary trend suggests more weakness towards the lower Support zones @ $23.30...

That will only happen if Silver breaks the Weekly lows @ 30.70...

Therefore next week's support zones remain around the Weekly lows.

Below those weekly lows and the trend bias is to follow the monthly cycles towards the April lows @ $27.79