Gold Primary & Weekly cycles
trend remain down....
weekly highs remain resistance
Silver Primary & weekly cycles
weekly highs remain resistance
GOLD & Silver 11 August 2012 Weekly Reports
GOLD Primary and Weekly cycles
A lot of resistance around 1637 & 1642
SILVER Primary and Weekly cycles
I continue to be bearish with support around the Weekly lows..
Whilst the Weekly highs & 3rd Quarterly 50% level @ $30.38 continue to be my resistance levels
GOLD & Silver 4 August 2012 Weekly Reports
GOLD Primary & Weekly cycles
Gold continues to remain flat with a downward bias...
Weekly lows are seen as a random Support zone during August
with long term support around 1502./33
Silver Primary and Weekly cycles.
Silver's long term support resides around 22.65/24.33
Whilst resistance remains between 28.40 & 30.38
GOLD & Silver 28th July 2012 Weekly Reports
GOLD Primary and Weekly cycles
Weekly cycles suggests more upside in the short-term...
However, Primary cycles suggests that the trend could struggle to rise beyond the 3rd Quarterly 50% level (July)
I still have the view that GOLD will at least test Support levels.
SILVER Primary and Weekly cycles
I still have the view that Silver is moving lower based on the Primary cycles
Weekly highs is seen as resistance..
but with the possibility that price moves towards the August 50% level
GOLD & Silver 21st July 2012 Weekly Reports
GOLD primary and Weekly cycles
Weekly lows catching up with price, and is an important support zone @ $1552...
Because a break of those lows will see the trend continue down into August lows, which aligns with the 3rd Quarterly support levels, as shown into the Primary chart.
SILVER Primary and Weekly cycles
Same pattern in Silver, with the Weekly lows Support...
but my view is that price will reach long term support around the 2012 yearly lows
GOLD & Silver 14th July 2012 Weekly Reports
GOLD Primary and Weekly cycles
Primary cycles continue to remain bearish until it reaches the Support levels...
Weekly cycles are also bearish, but if above the Weekly 50% level next week...
then there is a short-term up move towards the Weekly highs
Silver Primary and Weekly cycles
Same applies with Silver...
bearish Primary cycles, whilst next week's 50% level is the trend guide
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
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
GOLD & SILVER 23 June 2012 Weekly reports
GOLD Primary and Weekly cycles
As per previous Weekly report, my view is that GOLd and Silver will continue down towards long term support zones.
Long term buyers should once again look to be accumulating gold around the $1495 mark, but don't throw all your eggs into one basket...
Simply because long term cycles could see the price of Gold dip further during the 3rd Quarterly cycle, and that's when buyers look to BUY into GOLD around those future dynamic lows.
If you have read my book and have a firm understanding how Quarterly cycles work, then you know that I'm a firm believer of double dipping on falling prices.
Silver Primary and Weekly cycles.
I haven't waviered on my view that Silver will continue down after last years Bubble pattern.
June lows @ 25. 56 has random support during the 2nd Quarter, as it comes to an end
with long term BUY zones around the Primary cycle lows ($22.50/23.50)
GOLD Silver 16th June 2012 Weekly Reports
Gold Primary and Weekly cycles
GOLD didn't remain below the June 50% level (& Weekly level)
short-term it looks to be moving up into the Weekly highs next week. (Resistance)
I still have the view that the APRIL (2nd Quarterly 50% level) will act as resistance until July
Silver Primary and Weekly cycles
Continues to remain within a sideways pattern above the Weekly 50% levels
I still have the view that it's moving down into Primary support...
but whilst above the Weekly 50% level, it remains stable within a BEAR TREND
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