Daily Gold/Silver Market Update: Monday July 18, 2016

Daily Market Updates From National Bullion House
Dubai’s leading precious metals investment hub

GOLD MARKET UPDATE

Pivot: 1337

Our preference: short positions below 1337.00 with targets @ 1320.00 & 1312.00 in extension.

Alternative scenario: above 1337.00 look for further upside with 1342.00 & 1350.00 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1350 / 1342 / 1337 / 1326.20 (Major) / 1320 / 1312 / 1305

SILVER MARKET UPDATE

Pivot: 20.35

Our preference: short positions below 20.35 with targets @ 19.78 & 19.56 in extension.

Alternative scenario: above 20.35 look for further upside with 20.52 & 20.68 as targets.

Comment: the RSI is capped by a bearish trend line.

Supports and resistances:
20.68 / 20.52 / 20.35 / 19.98 (Major) / 19.78 / 19.56 / 19.43

National Bullion House serve a wide range of clients: savers, traders and speculators, elite investors, jewellery shops and banks. With a successful track record in managing physical bullion trading activity, NBH specialize in providing the most rewarding investment opportunities in precious metals, with a dominant focus on gold.

Bullion.Directory or anyone involved with Bullion.Directory will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading in precious metals. Bullion.Directory advises you to always consult with a qualified and registered specialist advisor before investing in precious metals.