GOLD MARKET UPDATE
Pivot: 1331.50
Our preference: short positions below 1331.50 with targets @ 1315.50 & 1310.00 in extension.
Alternative scenario: above 1331.50 look for further upside with 1340.00 & 1345.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1331.50.
Supports and resistances:
1345 / 1340 / 1331.50 / 1323.50 (Major) / 1315.50 / 1310 / 1304.75
SILVER MARKET UPDATE
Pivot: 18.80
Our preference: short positions below 18.8000 with targets @ 18.2600 & 18.0000 in extension.
Alternative scenario: above 18.8000 look for further upside with 19.1200 & 19.4500 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
19.45 / 19.12 / 18.80 / 18.62 (Major) / 18.26 / 18.00 / 17.85
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