GOLD Primary and Weekly cycles
GOLD was able to remain above the Weekly lows, after closing below support on Tuesday (Fake break)
Fake break patterns often continue with the overall trend, and that means a move back towards the Weekly highs, and as high as the Monthly highs by April.
The only thing that will be of concern is, if the next 5-days fails to remain above the Weekly 50% level and consolidates above these support levels.
Traders would have to keep an eye on a potential break of support in the last week of the month and first Quarter
Silver Primary and Weekly cycles
The same applies for Silver, Weekly low support will often extend up towards the monthly highs by April.
However, if Silver fails to remain above the Yearly 50% level and continues to consolidate below the Weekly 50% level for the next 5-days...
then the last week of the current Quarter could be open to Risk.
In conclusion:- both Commodities remain stable above support zones in the 1st quarter, and expectation is that they will continue upwards