GOLD & Silver 9th March 2013 Weekly Report

GOLD Primary and Weekly cycles

Continues to trade right on Primary support, and may continue to do so until the end of the month and the start of the 2nd Quarter.

Short-term trend defined by the Weekly 50% level, with a suggestion that it can dip down into the Weekly lows (March lows)

Silver Primary & Weekly cycles

Bearish Primary cycles towards the lower Support levels.

However, the Weekly 50% level will determine whether there is a short-term rise towards the Weekly highs & March 50% level:- Resistance