GOLD MARKET UPDATE
Pivot: 1334
Our preference: long positions above 1334.00 with targets @ 1348.00 & 1357.00 in extension.
Alternative scenario: below 1334.00 look for further downside with 1329.50 & 1325.00 as targets.
Comment: a support base at 1334.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1360 / 1357 / 1348 / 1338 (Major) / 1334 / 1329.50 / 1325
SILVER MARKET UPDATE
Pivot: 19.62
Our preference: long positions above 19.62 with targets @ 20.05 & 20.27 in extension.
Alternative scenario: below 19.62 look for further downside with 19.47 & 19.33 as targets.
Comment: a support base at 19.62 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
20.48 / 20.27 / 20.05 / 19.79 (Major) / 19.62 / 19.47 / 19.33
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