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
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