GOLD & Silver 30th June 2012 Weekly Report

GOLD Primary and Weekly cycles.

I still think Gold will come down into lower Support levels, as shown in the Primary cycle chart (left)

However, above the July 50% level and the trend bias is up.

Random resistance around 1642/47

Silver Primary and Weekly charts

Weekly 50% level will determine whether the Trend will continue higher or not..

With the Weekly highs as resistance.

Above those Weekly highs, & Silver is likely to continue to trend upwards & until the start of August