GOLD Primary and Weekly cycles
Weekly cycles remain bearish, whilst the Primary cycles and 1st Quarterly 50% levels continue to Support GOLD.
The defining moment on the trend of GOLD will begin in April, and the change in the 2nd Quarterly cycles.
Therefore, traders need to see GOLD trading above the Weekly 50% level over the next 3-days for the UP trend to be held...
otherwise GOLD will likely come under pressure from April onwards.
SILVER Primary and Weekly cycles
Silver remains bearish within all it's timeframe cycles.
As with GOLD, silver needs to be trading above the Weekly 50% level.....
otherwise the long term support zones will be the levels of interest in 2012.