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