GOLD MARKET UPDATE
Pivot: 1354
Our preference: long positions above 1354.00 with targets @ 1367.40 & 1372.00 in extension.
Alternative scenario: below 1354.00 look for further downside with 1346.00 & 1335.00 as targets.
Comment: the RSI broke above a bearish trend line.
Supports and resistances:
1377 / 1372 / 1367.40 / 1362.30 (Major) / 1354 / 1346 / 1335
SILVER MARKET UPDATE
Pivot: 20.15
Our preference: long positions above 20.1500 with targets @ 20.5500 & 20.7800 in extension.
Alternative scenario: below 20.1500 look for further downside with 19.9300 & 19.7400 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
21.00 / 20.78 / 20.55 / 20.35 (Major) / 20.15 / 19.93 / 19.74
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