GOLD & Silver 23rd March 2013 Weekly Reports

GOLD Primary & Weekly cycles

Primary Support @ 1572, but any further upside needs to see a breakout of the Weekly highs,
for a 2-month trend upwards towards the Yearly 50% level.

otherwise the trend will once again move back down and test the Weekly lows

SILVER Primary & Weekly cycles

I still have the view that the trend is moving down into Primary support....

However, a move down into the Weekly lows and then a breakout of the 5-day highs, will see Silver heading up towards the 2013 Yearly 50% level once again.(Resistance)