especially in the last week of this Month. (Previous Weekly Report)
GOLD Primary and Weekly cycles
Coming into the last weeks of November and Gold is at a critical level in it's UP trend....
The short-term trend is determined by the November 50% level and next week's 50% level, as shown in the above chart.
As mentioned a number of weeks ago, Gold is showing the same Bubble pattern as Silver, and traders need to be aware that if it follows the same downward move it's going to happen in the last month of the current Quarter.
It's not set in stone that it will, but it will be confirmed if price is trading below the dynamic Weekly lows.
SILVER Primary and Weekly cycles
As I have been saying for a number of weeks, Silver looks much better a lower prices....(Weekly lows Random support)
Silver continues to remain below higher timeframe 50% levels (Yellow), and we can see price has made a visit of the Weekly lows, which has provided some random support.
I still prefer Silver at much lower prices....