GOLD Primary & Weekly Cycles
Gold has closed back above the monthly 50% levels, which is a good sign for those bullish on Gold...
As long as it remains above the Monthly and Weekly 50% levels.
There is a Friday 5-day high reversal pattern, therefore next week is seen as starting with a continuous 2-day reversal pattern.
If it remains above those key support levels by Wednesday, then December has a good chance that it will remain supported with an upward bias inside the Weekly levels until the end of the year.
Silver Primary and Weekly cycles
Silver tried to move towards the December 50% levels this week, but once again failed at the 4th Quarter 50% level.
Next Week's price action will be defined by the Weekly 50% level, and whether it moves towards the December 50% level...
or moves back towards the Weekly lows.