GOLD MARKET UPDATE
Pivot: 1315.50
Our preference: long positions above 1315.50 with targets @ 1330.20 & 1335.00 in extension.
Alternative scenario: below 1315.50 look for further downside with 1309.50 & 1304.50 as targets.
Comment: the RSI is supported by a bullish trend line.
Supports and resistances:
1342 / 1335 / 1330.20 / 1324.15 (Major) / 1315.50 / 1309.50 / 1304.50
SILVER MARKET UPDATE
Pivot: 19.00
Our preference: long positions above 19.00 with targets @ 19.56 & 19.70 in extension.
Alternative scenario: below 19.00 look for further downside with 18.80 & 18.70 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
19.85 / 19.70 / 19.56 / 19.34 (Major) / 19.00 / 18.80 / 18.70
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