GOLD & SILVER 26th January 2013

GOLD Primary & Weekly cycles

GOLD's failure to breakout of the Weekly highs & the January 50% level puts pressure on the trend to continue to fall towards long term Support levels

Silver Primary & Weekly cycles

Silver following Gold, but the Weekly 50% level will determine whether the trend continues down

or remains caught between the Weekly 50% level and the upper Weekly level @ 31.887

for the 5-days

19th January 2013 GOLD & Silver cycles

GOLD Primary & Weekly cycles

GOLD has quickly changed its trend with the switch of the Weekly cycles (Weekly 50% level), and all it needs to do is close above the January 50% level & Weekly highs.

But with the trend now above the Yearly 50% level, the Primary cycle becomes bullish again.

Silver Primary & Weekly cycles

Same applies with Silver...

The January close comes into play along with the 2013 50% level.

GOLD &Silver 12th January 2013 Weekly Reports

GOLD Primary & Weekly cycles

I still have the view that GOLD is being pushed downward from the 2013 50% level...

however, things can quickly change if January closes above those same levels

SILVER Primary & Weekly cycles

Same applies in Silver

GOLD & Silver 5th January 2013

GOLD Primary & Weekly cycles

As noted in last week's report, expectation was that GOLD would push downward into the January lows, which puts the Primary trend as bearish.

Whilst Gold remains below 1667.50 the trend bias is to continue down towards the lower Support levels.

A Robust change of trend will occur with a breakout of the Weekly highs and price trading above the January 50% level.

Otherwise keep your money in your pocket

SILVER Primary & Weekly cycles

Just as the 2012 yearly 50% level  kept the trend from rising in the last 6 months of the year, the 2013 50% level is now pushing the Trend downward, with long term support around $25.50

Things can quickly change, but it will need to breakout & close above the Weekly highs on a Friday to gather momentum.

Otherwise keep your money in your pocket.

Short-term trend guide is the Weekly 50% level @ 30.53