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
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