GOLD & Silver 3rd December 2011 Weekly Report

GOLD Primary & Weekly Cycles

Gold has closed back above the monthly 50% levels, which is a good sign for those bullish on Gold...

As long as it remains above the Monthly and Weekly 50% levels.

There is a Friday 5-day high reversal pattern, therefore next week is seen as starting with a continuous 2-day reversal pattern.

If it remains above those key support levels by Wednesday, then December has a good chance that it  will remain supported with an upward bias inside the Weekly levels until the end of the year.

Silver Primary and Weekly cycles

Silver tried to move towards the December 50% levels this week, but once again failed at the 4th Quarter 50% level.

Next Week's price action will be defined by the Weekly 50% level, and whether it moves towards the December 50% level...

or moves back towards the Weekly lows.

GOLD & Silver Weekly Report 26th November 2011

Gold Primary and Weekly Report

Weekly lows have supported the weakness in the price of Gold...

and by the look of next week's levels...

more than likely continue to follow the Weekly cycles towards next week's lows

Silver Primary and Weekly cycles

The Price of silver continues to remain depressed, as it follows the Weekly cycles, dipping to new short-term lows each week. 

There is a chance that the price of Silver moves up towards the December 50% level over the next 5-7 days

However, I still wouldn't move into Silver until it is at much lower prices (2011 50% level)

GOLD Daily report 22nd November 2011

As mentioned a number of weeks ago, Gold is showing the same Bubble pattern as Silver.

The short-term trend is determined by the November 50% level and next week's 50% level, and weakness will be confirmed if price is trading below the dynamic Weekly lows.

GOLD Primary and Weekly cycles

Change in Weekly dynamics (Weekly 50% level) has seen the price of Gold come down into the Weekly lows @ 1676.

If Gold can't rise up on Tuesday and remain within the Weekly levels....

then it's going to end up back down into the November lows @ $1546, and dip lower in December towards $1480

Simply refer to the previous reports and the price action in Silver, as this can easily occur in the price of Gold over the coming weeks.

GOLD SILVER 19th November 2011 Weekly Report

Those who are long, you don't want to see GOLD spend any time below the November 50% levels...

especially in the last week of this Month.   (Previous Weekly Report)

GOLD Primary and Weekly cycles

Coming into the last weeks of November and Gold is at a critical level in it's UP trend....

The short-term trend is determined by the November 50% level and next week's 50% level, as shown in the above chart.

As mentioned a number of weeks ago, Gold is showing the same Bubble pattern as Silver, and traders need to be aware that if it follows the same downward move it's going to happen in the last month of the current Quarter.

It's not set in stone that it will, but it will be confirmed if price is trading below the dynamic Weekly lows.

SILVER Primary and Weekly cycles

As I have been saying for a number of weeks,  Silver looks much better a lower prices....(Weekly lows Random support)

Silver continues to remain below higher timeframe 50% levels (Yellow), and we can see price has made a visit of the Weekly lows, which has provided some  random support.

I still prefer Silver at much lower prices....

GOLD & SILVER 12th November 2011 Weekly Reports

GOLD Primary and Weekly cycles

Trend bias is to continue higher, as it follows the Weekly cycles.

Those who are long, you don't want to see GOLD spend any time below the November 50% levels...

especially in the last week of this Month.

SILVER Primary and Weekly cycles

Silver continues to struggle to move higher, as the 4th Quarterly 50% level continues to resist the trend from rising.

Bullish pattern will see price rise up from the Weekly 50% level and breakout of both the Weekly highs and Quarterly 50% level.

Bearish pattern would be based on the same rising pattern, but the Weekly highs stalls the trend from rising and price is pushed back below the November 50% level, and the following Weekly 50% level (the week after next).

As I have been saying for a number of weeks,  Silver looks much better a lower prices....(Weekly lows Random support)

GOLD & Silver Report 5th November 2011 Weekly

Next week's highs are seen as resistance for a retest of 1704.46 and 1694.

Once that occurs then November comes into play and the new monthly 50% levels.

If the Trend is going to continue higher, as part of price rising up from the Primary cycle Support zones, then it needs to remain above the November 50% levels

A higher step formation in the forward month (higher 50% level) can often lead to weakness in the following month  (Previous Weekly Report)

GOLD Primary and Weekly cycles

Instead of moving up into the Weekly highs and then  down to retest the Support levels, GOLD moved down early in the Week and had risen upwards.

The Critical Support level on GOLD now remains the November 50% level @ $1730

As long as price remains above that level the trend bias is to continue higher.

However, as mentioned in last week's report....

The higher step formation in the monthly levels can often lead to sustained weakness if price is trading below that level

Silver Primary and Weekly cycles

Silver continues to trade under resistance levels using the Quarterly and Monthly 50% levels

Silver doesn't rock my boat until it is trading around the Quarterly lows,

 or the 2011 50% level. $24.90

GOLD & SILVER 29th October 2011 Weekly report

if it's going to continue higher it will need to rise up from next week's 50% level and breakout of the Weekly highs

Previous Weekly report

GOLD Primary and Weekly cycles

Gold has risen from the Weekly 50% level and has broken out of the this week's highs, and likely to continue up into next week's highs.

Next week's highs are seen as resistance for a retest of 1704.46 and 1694.

Once that occurs then November comes into play and the new monthly 50% levels.

If the Trend is going to continue higher, as part of price rising up from the Primary cycle Support zones, then it needs to remain above the November 50% levels

 

Silver Primary & Weekly cycles

Larger cycles in Silver has only seen price rise up and retest the 4th Quarterly 50% level.

I have the same view as Gold, and that Silver will rise up into next  Week's highs, but then reverse and retest this week's breakout @ 33.83....

Which will align with the November 50% level.

Note:- A higher step formation in the forward month (higher 50% level) can often lead to weakness in the following month

GOLD & SILVER Weekly Report 22 October 2011

if GOLD decides it wants to continue to consolidate over the next 4-weeks, it will struggle and remain in a tight trading range.

The longer GOLD consolidates around Primary support, the more reason there is for Support to fail in the last month of the current quarter and move towards the Quarterly lows


Previous Weekly Report

GOLD Primary and Weekly cycles

GOLD continues to consolidate during October, and if it's going to continue higher it will need to rise up from next week's 50% level and breakout of the Weekly highs.

Otherwise a close below Support and the Weekly lows will put pressure to follow the trend towards the 3-month lows (first target $1480)

Silver Primary and Weekly cycles

The same applies on Silver....

it will need to breakout of the Weekly highs, as those highs and the October 50% level can form resistance zones

And by looking at the price action in the Primary cycles, any further weakness will push Silver down towards $23.50 to $25.00  (NEXT BUY ZONES)

GOLD & SILVER Report 15th October 2011 Daily

Gold could climb upwards if it remains within the Weekly levels (white)...


However, my view is that the next 4 weeks will continue to flip-flop around Primary support until November...


Previous Weekly Report

GOLD Primary and Weekly cycles

Gold has continued to consolidate around the Primary support levels.

As we can see in the above chart, the Weekly highs have now caught up with the current price action in the Quarter

For Gold to continue higher, it will need to breakout of those highs and follow a double Weekly cycle pattern, which is a 2 week upward trend.

However, if GOLD decides it wants to continue to consolidate over the next 4-weeks, it will struggle and remain in a tight trading range.

The longer GOLD consolidates around Primary support, the more reason there is for Support to fail in the last month of the current quarter and move towards the Quarterly lows

SILVER Primary and Weekly cycles

Silver continues to consolidate, and I'm having a hard time seeing more gains during the current Primary cycle in 2011.

For that to happen it will need to break out of the weekly highs.

 GOLD traders, have a look at the price action in Silver, and see if you can see a similar pattern that's currently unfolding in GOLD.

if Gold follows the same 'bubble pattern' as Silver, then the last month of the current quarter is what you need to keep your eye on.

GOLD & SILVER 8th October 2011 Weekly Report

"this is the first month of the quarter, and it's already trading around support, so it wouldn't surprise me to see the next 4 weeks consolidate around support.

When we look at the Weekly cycles (right chart).... there is a potential rejection pattern around the Weekly 50% level"

Previous Weekly report

GOLD Primary & Weekly cycles

GOLD is currently trading around Primary support levels, but it's being kept in check around the Weekly 50% level.

Next Week:- Gold could climb upwards if it remains within the Weekly levels (white)...

However, my view is that the next 4 weeks will continue to flip-flop around Primary support until November...

short-term weakness is based on price trading below 1637.

Silver Primary and Weekly cycles

Silver could climb upwards if it's trading above the weekly 50% level...

but hit resistance around $35.97

However, my view is that the best price to BUY silver remains around lower support levels @ $24-$25 in the Primary cycles (October lows)