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