GOLD & SILVER Chart Reports 30th November 2015

GOLD Primary & Weekly Cycles

Long term GOLD continues to remains a BUY & HOLD.

Short-term Weekly cycles still look positive, as long as price can remain above the Weekly lows. (previous report)

It was the daily close below the Weekly lows @ 1122 and the continuation downward the very next day that set-up weakness into the 4th Quarter lows (Random Support)

There are now two short-term patterns in play in the last month of the year (December)... 4th Quarter lows @ 1054 hold, but then another way downward in 2016.

Or a  further collapse over the next couple of week towards the 100% level @ 975 ( BUY Zone)

SILVER Primary Cycles

Silver should complete the move down into the 2015 lows :- with two random support zones around 13.65 & 12.85.

The support zones are random long-term BUY zones, as the cycles do favour another push downward early in 2016.

GOLD & SILVER Report 1st November 2015

GOLD Primary & Weekly Cycles

Gold completed the break and extend pattern from 2013 into the 2015 lows and BUY zone at 1106.

However, as we can see it has hit the usual resistance zone, this time in the 4th Quarter

Long term GOLD continues to remains a BUY & HOLD.

Short-term Weekly cycles still look positive, as long as price can remain above the Weekly lows.

SILVER Primary Cycles

Silver has hit Resistance in the 4th Quarter, with the expectation it's going to follow a similar pattern as GOLD and complete the move down into the 2015 lows @ 13.55 by the end of the year.

Gold & Silver Reports 4th October 2015

GOLD Primary & Weekly Reports

Current support around 1106 normally only lasts for the current Quarter, which ends in a couple of weeks. (Previous Report)

As we have seen 1106 continues to support GOLD, without providing the thrust upwards that I noted in the previous report.

We can see now that the support @ 1106 has less reason to hold, as it slips further down to 1094.

However, whilst above 1106, I'd still hold the long side of GOLD with tight stops.

SILVER Primary Cycles

I still have the view that the trend is heading down into 13.55 (BUY ZONE)

Resistance around $16.00

GOLD & SILVER Charts 12th September 2015 Monthly Report

GOLD Primary & Weekly cycles.

As noted in the previous two reports 1106 was a BUY zone in Gold, and it continues to support the price.

However, I'd be concerned that GOLD isn't acting like it's got the legs to continue higher.

The initial bullish pattern some weeks ago once above 1106 should have continued upwards using the September 50% level as Support for the next thrust upwards..

Instead it failed, and current support around 1106 normally only lasts for the current Quarter, which ends in a couple of weeks.

SILVER Primary Cycles

Silver should finally complete its 2013 break out pattern down into the 2015 lows by the end of the Quarter and the start of the next @ 13.55

If for some reason buyers are attracted before then, $16.00 is seen as resistance

GOLD Report 24th August 2015

GOLD Primary & Weekly cycles

There's random support around the August lows, but as also noted in the previous report, there needs to be a close above the BUY zone on Friday @1106 that's going to potentially attract more buyers. (Previous Report)

As noted in the previous report, the Friday close above 1106 was going to get buyers interested in Gold once again, and we can see that's how it's played out precisely. 

Short-term target is 1190, and as high as 1214 in September.

GOLD & SILVER 2nd August 2015 Monthly Reports

GOLD Primary & Weekly Cycles

GOLD is down into the BUY ZONE, as it completes the Primary break & extend pattern from the 2013 lows to 2015, however as noted in the previous report the shorter cycles are showing more weakness.

There's random support around the August lows, but as also noted in the previous report, there needs to be a close above the BUY zone on Friday @1106 that's going to potentially attract more buyers.

Otherwise there's 100% level further down that's got a big bullseye on it @ 976

SILVER Primary & Weekly cycles

Same pattern in Silver as GOLD....

Long Term BUY Zone at 13.55

GOLD Report 23rd July 2015

GOLD Primary Cycles

Gold has finally completed the break & extend pattern in the Primary cycles from the 2013 breakout down into the 2015 lows.

This is a MAJOR Buy zone in the Primary Cycle, however in the smaller cycles there are currently minor break and extend patterns playing out at the same time that can see more downside.

Short-term:- we would need to see Gold close back above  1106 on a Friday, and then use the same level the following week as support.

Any further weakness in GOLD as it follow the short-term cycles could see GOLD push as low as 975.40.

Next Update will be at the end of this month  

GOLD & Silver Monthly Reports 4th July 2015

GOLD Primary & Weekly Cycles

Random support July lows, but likely to continue down in the 2015 lows, as part of the 2013 breakout pattern towards the following Primary Cycle lows.

Silver Primary Cycles

Silver still consolidating around last years BUY zone.

Normally in a robust Primary Cycle BUY pattern price should be heading upwards and now trading above the 2015 50% level by the start of the 3rd Quarter.

It's not, therefore don't be surprised to see Silver down towards 13.55.

Stay long from last year's BUY zone, but know where it's potentially going:- $13.55

GOLD Report 8th JUNE 2015 Monthly Report

GOLD PRIMARY

Page 34 of Market Trading Market Timing...

Use Sequential ordering of pattern formations

1. Apply the trend identification Model

2. Identify Support,Resistance, & Trends

3. Identify the change of Support & Resistance with the use of TIME

4. Forewarn & Foretell the likely events in the future using Principle SET-UPS

If we subscribe to the above, then GOLD will continue down into the BUY zone, and that's when you want to be getting back into this, as it completes the PRIMARY CYCLE break and extend patter from the 2013 lows

GOLD Report 25th MAY 2015

GOLD Primary Cycles

Primary cycles in GOLD suggests there is more downside in 2015 towards the lows and BUY Zone.

This is based on the Break and Extend pattern from the 2013 lows & extension towards the 2015 lows (Dilernia Principle)

GOLD & SILVER Monthly Reports 4TH may 2015

GOLD PRIMARY TREND

Still bearish on gold to complete the move from the 2013 lows into the 2015 lows (break & extend pattern) and BUY zone

Silver Primary Cycles

Silver consolidating around last year's BUY zone.

Primary Cycles remain bearish as it's below 17.45.

If long term trading on these commodities then last year's BUY remains valid, but so does the 2015 lows $13.55

GOLD & SILVER Report 30th March 2015

GOLD Primary Cycles

There is still the expectation that GOLD will continue down into the BUY zone, as part of the 2013 break and extend pattern

SILVER Primary & Weekly cycles

Silver continues to remain around the 2014 BUY zone, as it has already completed the Break & extend pattern from 2013. (Primary Cycles)

However, the Primary Cycle remains bearish (below Yearly 50% level), but there is strength in smaller cycles coming into the start of the 2nd Quarter (above April 50% level?)

Even though Gold looks like it can continue lower and keep Silver flat, if Silver begins trading back above $17.45, last years's BUY zone remains valid

GOLD & SILVER Reports 3rd March 2015

GOLD Primary & Weekly Cycles

GOLD's fake move above the Yearly 50% level has all the hall marks of extending towards new lows in 2015.

It had everything going for it earlier in the year, but once it dipped below the February 50% level the bear trend has resumed

SILVER Primary & Weekly Cycles

Silver has now moved back down into our BUY zone from 2014, after the February 50% level failed to support the price of Silver.

IF Silver was going to follow a Primary move upwards after completing the 2013 breakout down into the 2014 lows. it's now not showing it.

I'd be concerned that there's now more downside to follow.

GOLD & SILVER Reports 9th February 2015

GOLD Primary & Weekly cycles

GOLD is right on the 2015 50% @ 1237, which defines the Primary Trend.

A breakout of the January highs has failed to follow a break and extend pattern in the 1st week of February towards the February highs, and therefore the bullish scenario has lost steam.

If it's going to follow my initial view of moving higher, the price of Gold needs to be trading above the FEB 50% level, otherwise it's following the Weekly cycle towards the Weekly lows, and back into a BEAR Trend.

SILVER Primary & Weekly cycles

Primary Cycles continue to push Silver lower (below 2015 50% level) as the January breakout failed to materialise.

I'm Bullish on Silver as it's completed the Break and extend patterns in Primary cycles (2014 lows BUY Zone)

However, the February 50% level @ 16.70 is the trend guide.

GOLD & SILVER 28 January 2015 Primary Cycles

GOLD Primary Cycles

GOLD has failed to reached the BUY zone in 2014, as part of the Break & Extend pattern in the Primary cycles.

Instead it followed the secondary cycles in the Quarterly timeframe (Break & extend) into 1149.

GOLD now looks bullish as it has moved above the 2015 yearly 50% level @ 1237, which is now seen as a trend guide and support.

This trend now has the potential to rise for the next 2 years, as a minimum move.

First target 2015 highs 1368

SILVER Primary cycles 2015

BUY zone was reached in 2014 @ $16.25, as part of the Primary Cycles, break and extend pattern.

2015 50% level is now the trend guide :- $17.45

if Long on Silver then stay long

GOLD & Silver Reports 1st January 2015 Yearly reports.

GOLD Primary Cycles

Previous Gold Report Primary trend is to continue towards the 2014 lows & next long term BUY zone.But monthly cycles are projecting further gains towards the 2014 50% levels, which is seen as resistance. 

 

Text Book patterns occurring in the Primary cycles, as the retest of the 2014 Yearly 50% level has formed resistance.

 My view is that the trend will continue down into the 2014 lows...

 

Gold 2015

followed the Primary cycles using the 2014 50% level as resistance, and continued lower for the rest of the year, however it failed to reach the long term BUY zone around 1113.

Current Primary cycles keep Gold in a long term down trend, and ideally I would like to see GOLD hit 1105 before committing to Buying the metal.

Silver 2015

As we can see in the previous report the expectation was that Silver would continue downward into the 2014 lows.

 Silver has now been trading around its 2014 lows @ 16.25, which has seen the price consolidate around these levels for a number of months. If Gold is going to dip lower then Silver can follow another step lower towards it's next Primary cycle 2015 lows @12.15.

If you're long from the 2014 lows (Long term BUY), then I think you're still in a good position