GOLD & Silver Reports 1st September 2012

GOLD Primary and Weekly cycles

GOLD hit resistance but didn't make it back towards the breakout level @ 1635.

Next Week:- random resistance September highs @ 1720..

& as high as 1782 during the 3rd Quarter

Silver Primary and Weekly cycles

September highs Random resistance..32.73

and as high as the Yearly 50% level in the 3rd quarter @ 34.51 (resistance)

GOLD & Silver 25 August 2012 Weekly Reports

GOLD Primary and Weekly cycles

Gold didn't come down into the Weekly lows, which were my support level, and price has broken out of the Weekly highs and is extending up into next week's highs, which align with the August highs @ 1677-1685

Gold can continue higher, but I favour price retesting this week's breakout @ $1634

Silver Primary and Weekly cycles

Silver could continue to swing back towards the Yearly 50% level @ $35.51, but without it reaching the Weekly lows first I'm reluctant to say that Silver will continue beyond this week's highs @ 31.29. (resistance)

My view is that Silver will retest this week's breakout:- $28.52

GOLD & Silver 18 August 2012 Weekly Reports

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