GOLD MARKET UPDATE
Pivot: 1342
Our preference: short positions below 1342.00 with targets @ 1330.00 & 1325.00 in extension.
Alternative scenario: above 1342.00 look for further upside with 1348.00 & 1351.50 as targets.
Comment: the RSI broke below a rising trend line.
Supports and resistances:
1351.50 / 1348 / 1342 / 1333.63 (Major) / 1330 / 1325 / 1321
SILVER MARKET UPDATE
Pivot: 19.46
Our preference: short positions below 19.46 with targets @ 18.69 & 18.47 in extension.
Alternative scenario: above 19.46 look for further upside with 19.78 & 20.11 as targets.
Comment: the RSI is capped by a bearish trend line.
Supports and resistances:
20.11 / 19.78 / 19.46 / 18.91 (Major) / 18.69 / 18.47 / 18.16
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