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.