GOLD MARKET UPDATE
Pivot: 1335
Our preference: short positions below 1335.00 with targets @ 1321.00 & 1315.50 in extension.
Alternative scenario: above 1335.00 look for further upside with 1340.00 & 1345.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Supports and resistances:
1345 / 1340 / 1335 / 1326 (Major) / 1321 / 1315.50 / 1310
SILVER MARKET UPDATE
Pivot: 18.93
Our preference: short positions below 18.93 with targets @ 18.26 & 18.00 in extension.
Alternative scenario: above 18.93 look for further upside with 19.12 & 19.45 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
19.45 / 19.12 / 18.93 / 18.60 (Major) / 18.26 / 18.00 / 17.85
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