GOLD & SILVER 12th MAY 2012 Weekly Reports

GOLD Primary & Weekly cycles

Breakout of the Weekly lows should extend down into Next week lows, which is likely to provide a swing zone for a rise upwards.

However, the rise upwards will be short-lived, as the trend bias is to follow the MAY low breakout and extend down into new lows in June...

to coincide the Quarterly Support levels, as shown in the Primary cycles @ 1464/95


SILVER Primary and Weekly cycles

Trend is liklely to continue down into the Primary Support zones...

Whilst having short-term counter-trend moves upwards until then (Weekly cycles)