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