Daily Gold/Silver Market Update: Monday June 6, 2016

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

GOLD MARKET UPDATE

Pivot: 1233

Our preference: long positions above 1233.00 with targets @ 1251.00 & 1258.00 in extension.

Alternative scenario: below 1233.00 look for further downside with 1223.00 & 1217.00 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
1261 / 1258 / 1251 / 1243.68(Major) / 1233 / 1223 / 1217

SILVER MARKET UPDATE

Pivot: 16.22

Our preference: long positions above 16.22 with targets @ 16.55 & 16.65 in extension.

Alternative scenario: below 16.22 look for further downside with 16.15 & 16.02 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:
16.75 / 16.65 / 16.55 / 16.43 (Major) / 16.22 / 16.15 / 16.02

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.