GOLD MARKET UPDATE
Pivot: 1307
Our preference: long positions above 1307.00 with targets @ 1321.60 & 1325.50 in extension.
Alternative scenario: below 1307.00 look for further downside with 1302.00 & 1296.00 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1331 / 1325.50 / 1321.60 / 1313.28 (Major) / 1307 / 1302 / 1296
SILVER MARKET UPDATE
Pivot: 18.74
Our preference: long positions above 18.74 with targets @ 19.07 & 19.17 in extension.
Alternative scenario: below 18.74 look for further downside with 18.62 & 18.55 as targets.
Comment: a support base at 18.74 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
19.26 / 19.17 / 19.07 / 18.91 (Major) / 18.74 / 18.62 / 18.55
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