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