GOLD MARKET UPDATE
Pivot: 1255
Our preference: short positions below 1255.00 with targets @ 1237.00 & 1231.00 in extension.
Alternative scenario: above 1255.00 look for further upside with 1260.00 & 1269.00 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1269 / 1260 / 1255 / 1245.46(Major) / 1237 / 1231 / 1226
SILVER MARKET UPDATE
Pivot: 16.61
Our preference: short positions below 16.61 with targets @ 16.13 & 15.95 in extension.
Alternative scenario: above 16.61 look for further upside with 16.92 & 17.14 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Supports and resistances:
17.14 / 16.92 / 16.61 / 16.30 (Major) / 16.13 / 15.95 / 15.75
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