Daily Gold/Silver Market Update: Monday July 25, 2016

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

GOLD MARKET UPDATE

Pivot: 1325

Our preference: short positions below 1325.00 with targets @ 1313.30 & 1310.00 in extension.

Alternative scenario: above 1325.00 look for further upside with 1330.30 & 1334.00 as targets.

Comment: the RSI broke below a rising trend line.

Supports and resistances:
1334 / 1330.30 / 1325 / 1317.55 (Major) / 1313.30 / 1310 / 1306

SILVER MARKET UPDATE

Pivot: 19.72

Our preference: short positions below 19.72 with targets @ 19.30 & 19.19 in extension.

Alternative scenario: above 19.72 look for further upside with 19.94 & 20.10 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Supports and resistances:
20.10 / 19.94 / 19.72 / 19.44 (Major) / 19.30 / 19.19 / 19.05

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.

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