GOLD & Silver 14th October 2012

GOLD Primary and Weekly cycles

Trend guide on GOLD is defined by the Monthly levels @ 1767.06.

it failed to continue higher, and whilst below that level the trend bias is to revisit the 4th Quarterly 50% level @ 1696.58

Short-term:- the Weekly level will decide whether the trend continues down or remains within the Weekly cycles


SILVER Primary & Weekly cycles

looks to be moving down into the 4th Quarterly 50% level @ 31.88