GOLD MARKET UPDATE
Pivot: 1297
Our preference: short positions below 1297.00 with targets @ 1264.50 & 1256.50 in extension.
Alternative scenario: above 1297.00 look for further upside with 1308.00 & 1315.00 as targets.
Comment: the RSI is mixed with a bearish bias.
Supports and resistances:
1315 / 1308 / 1297 / 1283.21 (Major) / 1264.50 / 1256.50 / 1247
SILVER MARKET UPDATE
Pivot: 17.60
Our preference: short positions below 17.60 with targets @ 16.90 & 16.75 in extension.
Alternative scenario: above 17.60 look for further upside with 17.84 & 18.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Supports and resistances:
18.00 / 17.84 / 17.60 / 17.28 (Major) / 16.90 / 16.75 / 16.50
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