goldcoppersilver: February 2013

GOLD Primary & Weekly cycles

Gold is right on Primary support, but any rise upwards next week is likely going to stall around the February lows...

Monthly cycles is still showing weakness, as a breakout of the February lows can extend down into the March lows....

In a Nut-Shell, Gold needs to remain above the Primary Support @ 1532, or it's going to struggle to make any upward moves for the next 12-24 months.

Silver Primary & Weekly cycles

There's still more room to move downward into the Primary support levels

GOLD Primary & Weekly cycles

Bearish and heading down into Primary Support levels...

long term holders don't want to see GOLD trading below 1532, as it will be depressed for the next 2 years.

SILVER Primary & Weekly cycles

Heading down into the Weekly lows....

with the trend bias towards the long term support around $25.50

GOLD Primary & Weekly cycles

Primary cycles just holding the support levels...(Yearly 50% level)

Weekly cycles continue to show weakness

SILVER Primary & Weekly cycles

Primary cycles holding support...

but this week the Weekly cycles couldn't follow with further BUYing:- short-term weakness showing

GOLD Primary & Weekly cycles

Gold is consolidating around the 2013 Yearly 50% level, whilst the Weekly cycles are showing weakness,

as price was rejected downward from the February 50% level.

Random Support around the Weekly lows.....

A failure of those Weekly lows, and the trend bias is down towards the Febraury and then the MARCH monthly lows

Silver Primary & Weekly cycles

Price patterns in Silver are slightly different, as it's above both the Primary 50% level and also the February 50% level...@

Therefore Silver is holding its head above water