GOLD & SILVER 31st December 2011 Weekly Reports

GOLD Primary and Weekly cycles

GOLD is starting the new Primary cycle below the 2012 Yearly 50% level, which is bearish...

It could move above 1599 durinng January and test the Monthly 50% level @ 1631, but those levels are seen as resistance.

At this stage my view is that the trend is going to continue lower and move down into the January lows, with first Quarter support around 1430 to 1492...

And then a possible move down into the 2012 Yearly lows by the 3rd Quarter.

SILVER Primary and Weekly cycles

First BUY zone on Silver is around the January lows and the first Quarterly level @ 24-25.50.

The swing target is the 1st quarterly 50% level @ 32.69, and as high as the Yearly 50% level @ $34.51

The Yearly 50% level is seen as resistance...

For those that want to look to BUY Silver for the medium to long term (3-months & longer)....

my view is that it will struggle to move higher than the Yearly 50% level for the first 6-months.

AND you DONOT want to see Silver trading below Yearly support (19.85 to 22.65)...

as it will likely extend to new lows into 2013.

GOLD & Silver Weekly Report 24th December 2011

GOLD Primary and Weekly cycles

Gold continues to look weak using the lesser timeframe cycles.

However, the critical cycle begins the week after next when the 2012 Primary cycles kick into gear.

The new Primary cycle will determine whether Gold follows the same bubble pattern as Silver, and continues to move lower during the first quarter

Silver Primary and Weekly

Trend bias is to continue down into the Support levels for 2012.

In the short-term, the Weekly levels will determine whether the last week of 2011 continues down into the weekly lows...

or up towards the Weekly 50% level and towards the first quarterly 50% level (Resistance)

GOLD & Silver Report 17th December 2011 Weekly report

GOLD Primary and Weekly cycles

Even though Gold could rise upwards in the last 2-weeks of the month, as part of retesting last week's breakout @ 1668...

My view is that if price is trading below the 2012 Yearly 50% level, the trend bias is down, into the first Quarterly levels

SILVER Primary and Weekly Cycles

Trend bias is down into Support levels for 2012

GOLD Report 15th December 2011 Daily report

GOLD Primary and Weekly cycles

Same 'bubble' pattern as Silver, but delayed in the price action by
about 3-months:- confirmed with the Weekly low breakout @ 1668

Random support December lows...@ 1556

But the critical level in the 2012 Yearly 50% level, whilst below that
there is a trend bias back towads the first Quarter level @ 1440...

and as low as the Yearly lows by the 3rd Quarter.

GOLD SILVER Weekly Report 10th December 2011

GOLD Primary and Weekly cycles

Gold continues to consolidate until the end of this Quarter, as it remains below the December 50% level.

Short-term the price action remains weak.

However, for long-term Gold traders the level that needs to be watched is the 2012 Yearly 50% level.

This level will define whether the current Bull Trend continues towards the 2012 highs

Silver Primary and Weekly cycles

Everything remains weak in Silver, as it struggles to move above a number of timeframe resistance levels in the 4th Quarter.

And if it can't breakout of the Weekly highs by the end of this month...

Then there is a good chance that Silver will be pushed down towards the Support Zone, as shown in the Primary Chart

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)