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