GOLD & SILVER 7TH JULY 2012

GOLD PRIMARY & WEEKLY CYCLES

Trend bias is down into the July lows (3rd Quarter lows & Support)

If you think GOLD is going to rise, then this is the area that should be of interest.

However, a word of warning...

if those support levels don't hold, then GOLD will make it's way towards the Yearly lows @ $1293, which is the same pattern that's occurring in Silver...

And as you know, Gold is following a similar pattern as Silver, but delayed by a number of months


Silver Primary and Weekly cycles

July lows is the Target, and it's deemed as a support zone...

but I'm expecting a few days of trading to hit the 2012 Yearly lows @ 22.65