GOLD & SILVER 31st March 2012 Weekly Reports

GOLD Primary and Weekly cycles

Gold is about the start the 2nd Quarter below the 50% level, as shown in the left chart.

And based on the current price action is likely to continue down towards the Weekly lows. (random support)

However, that can quickly change if GOLD is trading above the April 50% level


SILVER Primary and Weekly cycles

April 50% level will define whether the price of Silver continues down towards the Weekly lows. (or not)

Note:- current primary trend remains bearish, as it's below the 2012 Yearly 50% level.

Long term Support remains around $23.00