If you are a GOLD bull and think Price is going to go higher, then you''ll want to BUY the dips.
As we can see in 2011, gold is moving into resistance levels around the 2nd Quarter highs, which is a similar pattern as in 2010.
The potential move in gold during 2011 is towards $1679
.... However, buying GOLD at these levels is open to Risk.
the next BUY would have to align with trailing support levels, as shown above, which might take until the 3rd quarter for price to reverse back down.
SILVER Primary and Secondary cycles
Silver is far more bullish on a technical sense, as it's trading above the 2011 highs, and most likely continue to trend upwards into 2012.
However, once again it's moving towards the highs in the secondary cycles, therefore buying Silver at these levels is open to risk....
The break and extend pattern has completed around this week's highs, and will often reverse back down into trailing support levels over the coming weeks.
Silver is a long term BUY, as in BUY the dips, but it's too high at the moment, and the next long term BUY would be around the 3-month lows, or in the 3rd Quarter...setting up further gains into 2012