Daily Gold/Silver Market Update: Tuesday July 12, 2016

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

GOLD MARKET UPDATE

Pivot: 1350

Our preference: long positions above 1350.00 with targets @ 1363.00 & 1371.00 in extension.

Alternative scenario: below 1350.00 look for further downside with 1342.00 & 1334.00 as targets.

Comment: a support base at 1350.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1375 / 1371 / 1363 / 1354.47 (Major) / 1350 / 1342 / 1334

SILVER MARKET UPDATE

Pivot: 19.94

Our preference: long positions above 19.9400 with targets @ 20.7500 & 21.1300 in extension.

Alternative scenario: below 19.9400 look for further downside with 19.4000 & 19.0000 as targets.

Comment: the RSI is supported by a bullish trend line.

Supports and resistances:
21.42 / 21.13 / 20.75 / 20.35 (Major) / 19.94 / 19.40 / 19.00

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.

Bullion.Directory or anyone involved with Bullion.Directory will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading in precious metals. Bullion.Directory advises you to always consult with a qualified and registered specialist advisor before investing in precious metals.