GOLD & SILVER Weekly Report 5th MAY 2012

GOLD Monthly and Weekly cycles

As mentioned in last week's report.... I though GOLD would struggle to Rise upwards, and it now appear price will continue to consolidate during the Current Quarter.

Weekly 50% level is the trend guide :- potential resistance.

for a move down into Random Support zones (Weekly lows)

SILVER Primary and Weekly cycles

Even though Silver continues to consolidate within the Primary cycle ( higher low), the overall trend remains bearish.

Next Week's lows are random Support zones, that may result in more consolidation within the Weekly cycles...

however, the MAY lows @ 28.99 is the attraction zone.