Daily Gold/Silver Market Update: Thursday May 26, 2016

Daily Market Updates From National Bullion House
Dubai’s leading precious metals investment hub

GOLD MARKET UPDATE

Pivot: 1217.50

Our preference: long positions above 1217.50 with targets @ 1242.50 & 1248.00 in extension.

Alternative scenario: below 1217.50 look for further downside with 1210.00 & 1202.00 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:
1256 / 1248 / 1242.50 / 1229.60 (Major) / 1217.50 / 1210 / 1202

SILVER MARKET UPDATE

Pivot: 16.13

Our preference: long positions above 16.13 with targets @ 16.65 & 16.76 in extension.

Alternative scenario: below 16.13 look for further downside with 15.95 & 15.80 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
16.90 / 16.76 / 16.65 / 16.42 (Major) / 16.13 / 15.95 / 15.80

National Bullion House serve a wide range of clients: savers, traders and speculators, elite investors, jewellery shops and banks. With a successful track record in managing physical bullion trading activity, NBH specialize in providing the most rewarding investment opportunities in precious metals, with a dominant focus on gold.

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