GOLD & Silver Weekly Report 29th June 2013

GOLD Primary & Weekly cycles

BUY zones @ 1337 held, until the June level sent it back down, as part of an overall bear trend into 2014, which has been mentioned for a number of weeks now.

The BUY zone @ 1337 will attract the price of GOLD, but it's likely to form resistance, as part of that Bear Trend.

Silver Primary & Weekly cycles

Same pattern in Silver as Gold, with the BUY zone Failing.

if we follow the breakout pattern in June, then it should continue down into July's lows @ 17.00..

if Above 19.60, then it's like to swing up into the BUY zone and July 50% level @ 21.97 and stall.

GOLD & Silver Weekly Reports 8th June 2013

GOLD Primary cycles

Gold remains above the BUY zone @ 1337, and I still have the view it's going to swing up into 1480, (minor resistance), and as high as 1527 (major resistance), by the end of the year.

However, it needs to begin trading above 1403 and the June monthly cycle

Silver Primary & Weekly cycles

Remains above the BUY zone @ 21.049 (just)

Resistance remains around $24.95..

Note:- both Gold & Silver are in bear trends, as they are below the 2013 Yearly lows, so there's an expectation that the trend will continue lower into 2014