Previous Weekly report
GOLD Primary and Weekly cycles
Gold has risen from the Weekly 50% level and has broken out of the this week's highs, and likely to continue up into next week's highs.
Next week's highs are seen as resistance for a retest of 1704.46 and 1694.
Once that occurs then November comes into play and the new monthly 50% levels.
If the Trend is going to continue higher, as part of price rising up from the Primary cycle Support zones, then it needs to remain above the November 50% levels
Silver Primary & Weekly cycles
Larger cycles in Silver has only seen price rise up and retest the 4th Quarterly 50% level.
I have the same view as Gold, and that Silver will rise up into next Week's highs, but then reverse and retest this week's breakout @ 33.83....
Which will align with the November 50% level.
Note:- A higher step formation in the forward month (higher 50% level) can often lead to weakness in the following month