Daily Gold/Silver Market Update: Monday June 27, 2016

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

GOLD MARKET UPDATE

Pivot: 1294

Our preference: long positions above 1294.00 with targets @ 1368.00 & 1393.00 in extension.

Alternative scenario: below 1294.00 look for further downside with 1270.00 & 1250.00 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1430 / 1393 / 1368 / 1327.04 (Major) / 1294 / 1270 / 1250

SILVER MARKET UPDATE

Pivot: 17.43

Our preference: long positions above 17.4300 with targets @ 18.3200 & 18.4500 in extension.

Alternative scenario: below 17.4300 look for further downside with 17.1600 & 16.9000 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
18.70 / 18.45 / 18.32 / 17.70 (Major) / 17.43 / 17.16 / 16.90

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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