GOLD MARKET UPDATE
Pivot: 1345.50
Our preference: short positions below 1345.50 with targets @ 1328.50 & 1321.50 in extension.
Alternative scenario: above 1345.50 look for further upside with 1352.75 & 1359.00 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1359 / 1352.75 / 1345.50 / 1338.77 (Major) / 1328.50 / 1321.50 / 1316.50
SILVER MARKET UPDATE
Pivot: 19.93
Our preference: short @ 19.60 with targets @ 19.30 & 19.00 in extension.
Alternative scenario: above 19.93 look for further upside with 20.13 & 20.43 as targets.
Comment: the upward potential is likely to be limited by the resistance at 19.93.
Supports and resistances:
20.43 / 20.13 / 19.93 / 19.61 (Major) / 19.30 / 19.00 / 18.72
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