GOLD Primary cycles
As noted in the Previous Report, 1337 has attracted price but has formed resistance
The Primary cycles based on the Dilernia Principle of break & extend from 1526.96 has gold moving down towards 1100, and the next long term BUY zone for Gold.
The movement downward will be defined by the August levels:- 1249.
However, keep and eye on the August 50% level, which aligns with 1337, if above, the August highs at 1411 is the short-term attraction target over the next 4-weeks
Silver Primary & Weekly cycles
Weekly lows is the Support zone, as it makes it's way up towards 21.049, which is seen as resistance.
Note:- Primary cycles suggest a break & extend pattern towards the 2014 lows around $16.00