GOLD Primary and Weekly cycles
GOLD has found some monthly support @ 1625....
and is now likely to continue up towards the MAY 50% level
However, it's likely to struggle to move beyond that level.
Note:- Primary trend remains above the Yearly 50% level, therefore the Primary cycle is still bullish....
but it likely to continue to consolidate during the current secondary cycle (Quarterly)
SILVER Primary and Weekly cycles
Primary cycle remains weak...
Whilst the Weekly cycles have an each way bet in the short-term using the Weekly 50% level as the trend guide.
The Trend may move above the Weekly 50% level and find its way back towards the MAY 50% level (resistance)...
but it it has just as much chance of following the Primary trend, and continue down towards the new Weekly lows from Tuesday onwards.