GOLD MARKET UPDATE
Pivot: 1324.40
Our preference: short positions below 1324.40 with targets @ 1309.50 & 1304.50 in extension.
Alternative scenario: above 1324.40 look for further upside with 1331.25 & 1340.00 as targets.
Comment: the RSI broke below a rising trend line.
Supports and resistances:
1340 / 1331.25 / 1324.40 / 1323.77 (Major) / 1309.50 / 1304.50 / 1298
SILVER MARKET UPDATE
Pivot: 18.68
Our preference: short positions below 18.68 with targets @ 18.17 & 18.03 in extension.
Alternative scenario: above 18.68 look for further upside with 18.92 & 19.07 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
19.07 / 18.92 / 18.68 / 18.62 (Major) / 18.17 / 18.03 / 17.85
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