Daily Gold/Silver Market Update: Friday July 1, 2016

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

GOLD MARKET UPDATE

Pivot: 1314

Our preference: long positions above 1314.00 with targets @ 1345.00 & 1359.00 in extension.

Alternative scenario: below 1314.00 look for further downside with 1305.00 & 1294.00 as targets.

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

Supports and resistances:
1375 / 1359 / 1345 / 1330 (Major) / 1314 / 1305 / 1294

SILVER MARKET UPDATE

Pivot: 18.68

Our preference: long positions above 18.68 with targets @ 19.74 & 20.00 in extension.

Alternative scenario: below 18.68 look for further downside with 18.16 & 17.84 as targets.

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

Supports and resistances:
20.30 / 20.00 / 19.74 / 19.34 (Major) / 18.68 / 18.16 / 17.84

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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