GOLD & Silver 27th October 2012

GOLD Primary & Weekly cycles

4th Quaterly 50% level is seen as support, but it could take a number of weeks to consolidate above it before it tries to rise upwards in December...

if next week closes below it then that view is obviously wrong

Silver Primary & Weekly cycles

4th Quarterly 50% level is currently supporting the trend whilst the Primary 50% level is keeping it down...

Same pattern as Gold, it could take another 3-4 weeks to decide whether it's going to rise upwards or not.