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
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