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
A higher step formation in the forward month (higher 50% level) can often lead to weakness in the following month (Previous Weekly Report)
GOLD Primary and Weekly cycles
Instead of moving up into the Weekly highs and then down to retest the Support levels, GOLD moved down early in the Week and had risen upwards.
The Critical Support level on GOLD now remains the November 50% level @ $1730
As long as price remains above that level the trend bias is to continue higher.
However, as mentioned in last week's report....
The higher step formation in the monthly levels can often lead to sustained weakness if price is trading below that level
Silver Primary and Weekly cycles
Silver continues to trade under resistance levels using the Quarterly and Monthly 50% levels
Silver doesn't rock my boat until it is trading around the Quarterly lows,
or the 2011 50% level. $24.90