GOLD & SILVER 25th February 2012

GOLD Monthly & Weekly cycles

Trend bias is up, with the trend to continue towards the monthly highs in March-April (2nd Quarter highs)

In the short-term, next week's trend guide is based on the Weekly levels, with support @ 1761

If there is any weakness during the current Quarter (in March), the levels in the Primary cycle come into play @ 1687.25

Silver Primary and Weekly cycles

This week's price action is extremely important in the primary cycles...

because above the Yearly 50% level has a trend bias is to continue upwards, and follow the trend towards the 2012 yearly highs

Short-term:- Weekly level @ $34.80 will define whether the trend continues up into the February highs and then the March highs