GOLD Primary and Weekly cycles
I still have the view that the price of GOLD will continue up into the February highs, first target 1777.
However, a short-term pullback into trailing support levels is part of the move.
SILVER Primary and Weekly cycles
Primary 50% level (Yearly 50% level @ $34.51) has stalled the trend from rising.
This is a major resistance zone that can last for a number of months.
However, if Silver is going to continue upwards...
the ideal pattern would be for price to come down into the Weekly 50% level, and then make a move towards the Monthly highs:- first target the Weekly highs. $34.93
the Weekly level @ $33.55 will be the trend guide on whether there is a short-term pullback or not.