Daily Gold/Silver Market Update: Friday May 27, 2016

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

GOLD MARKET UPDATE

Pivot: 1227

Our preference: short positions below 1227.00 with targets @ 1211.50 & 1207.00 in extension.

Alternative scenario: above 1227.00 look for further upside with 1234.50 & 1242.50 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Supports and resistances:
1242.50 / 1234.50 / 1227 / 1217.40 (Major) / 1211.50 / 1207 / 1202.50

SILVER MARKET UPDATE

Pivot: 16.36

Our preference: short positions below 16.3600 with targets @ 16.0900 & 15.9500 in extension.

Alternative scenario: above 16.3600 look for further upside with 16.4800 & 16.5600 as targets.

Comment: the RSI broke below a rising trend line.

Supports and resistances:
16.56 / 16.48 / 16.36 / 16.20 (Major) / 16.09 / 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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