GOLD Primary Cycles
Instead of moving down in January and completing the move into the 2016 lows, it has followed a similar pattern at the end of 2014 and start of 2015.
We can see similar 4th Quarter support zones in 2014 & 2015 and early 1st quarter rises, therefore it's too early to tell whether GOLD has got more legs other than hitting resistance levels and continuing lower.
SILVER Primary Cycles
Hard to tell whether SILVER will extend beyond the 2016 50% level without coming off the more robust Support level around the 2016 lows.