goldcoppersilver: November 2012

GOLD Primary & Weekly cycles

Gold is either going to continue to move up into the 4th Quarter highs @ 1828.46 (Resistance)

or it's going to stall below 1757.06 and consolidate into the end of the year

SILVER Primary & Weekly cycles

Resistance Yearly 50% level and next week's highs...

Support:- 33.12/33.32

current price action in the 4th Quarter looks like a potential continuation in December/January towards $37.71

GOLD Primary & Weekly cycles

GOLD remains in an uptrend as long as it remains above the Primary cycle levels....

Support:- 1696.58

Silver Primary & Weekly cycles

Same applies with Silver's Primary cycles

Support:- 31.88

Resistance 34.51 until the end of 2012

GOLD Primary and Weekly cycles

Last Week's price action looked bearish...

but this week's price action forming a fake break of Support can often lead to further upside moves into the end of the Year.

The Trend guide remains above the 4th Quarterly 50% level

Silver Primary & Weekly cycles

The exact same applies with Silver...

GOLD Primary & Weekly cycles

As mentioned last week, support should have lasted 3-4 weeks, but it only lasted 1week and it's now below the 4th Quarter 50% level.

November may end up closing back above $1695.58, but at this stage it could just as easily go looking for the Monthly cycle Support zones

Silver Primary & Weekly cycles

4th Quarterly 50% level @ 31.88 has failed to hold support & along with price being driven down from the Yearly 50% level @ 34.51...

has the potential to move down towards the Support levels in 2013