GOLD & SILVER Monthly Reports 1st February 2016

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.

 

GOLD & SILVER Reports 1st January 2016

GOLD Primary Cycles

 

The start of the new year brings in the new Primary Cycles for 2016

 

Gold remains in a Bear Trend as the 4th Quarter supported price, but now that Support has disappeared and dropped down to 1007, and that's where I think  GOLD is heading.

 

It's currently in a Breakout of the 2015 lows, so as part of the Dilernia Principle, it should extend downwards.

 

Keep an eye on the Price of Gold and the Australian Market, if both are hitting their 2016 lows, it's probably a good time to be moving back into commodities and the Australian Market.

 

SILVER Primary Cycles

 

Silver nearly reached it's 2015 low target in the last month of the Year, but it's likely to move down into 12.93-13.00 in the 1st Quarter of 2016.

 

Should be a good time to be moving back into Silver around those levels.

 

 

GOLD & SILVER Chart Reports 30th November 2015

GOLD Primary & Weekly Cycles

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. (previous report)

It was the daily close below the Weekly lows @ 1122 and the continuation downward the very next day that set-up weakness into the 4th Quarter lows (Random Support)

There are now two short-term patterns in play in the last month of the year (December)... 4th Quarter lows @ 1054 hold, but then another way downward in 2016.

Or a  further collapse over the next couple of week towards the 100% level @ 975 ( BUY Zone)

SILVER Primary Cycles

Silver should complete the move down into the 2015 lows :- with two random support zones around 13.65 & 12.85.

The support zones are random long-term BUY zones, as the cycles do favour another push downward early in 2016.

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.

Gold & Silver Reports 4th October 2015

GOLD Primary & Weekly Reports

Current support around 1106 normally only lasts for the current Quarter, which ends in a couple of weeks. (Previous Report)

As we have seen 1106 continues to support GOLD, without providing the thrust upwards that I noted in the previous report.

We can see now that the support @ 1106 has less reason to hold, as it slips further down to 1094.

However, whilst above 1106, I'd still hold the long side of GOLD with tight stops.

SILVER Primary Cycles

I still have the view that the trend is heading down into 13.55 (BUY ZONE)

Resistance around $16.00

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

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

GOLD Report 23rd July 2015

GOLD Primary Cycles

Gold has finally completed the break & extend pattern in the Primary cycles from the 2013 breakout down into the 2015 lows.

This is a MAJOR Buy zone in the Primary Cycle, however in the smaller cycles there are currently minor break and extend patterns playing out at the same time that can see more downside.

Short-term:- we would need to see Gold close back above  1106 on a Friday, and then use the same level the following week as support.

Any further weakness in GOLD as it follow the short-term cycles could see GOLD push as low as 975.40.

Next Update will be at the end of this month  

GOLD & Silver Monthly Reports 4th July 2015

GOLD Primary & Weekly Cycles

Random support July lows, but likely to continue down in the 2015 lows, as part of the 2013 breakout pattern towards the following Primary Cycle lows.

Silver Primary Cycles

Silver still consolidating around last years BUY zone.

Normally in a robust Primary Cycle BUY pattern price should be heading upwards and now trading above the 2015 50% level by the start of the 3rd Quarter.

It's not, therefore don't be surprised to see Silver down towards 13.55.

Stay long from last year's BUY zone, but know where it's potentially going:- $13.55