Daily Gold/Silver Market Update: Thursday June 30, 2016

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

GOLD MARKET UPDATE

Pivot: 1305

Our preference: long positions above 1305.00 with targets @ 1335.00 & 1345.00 in extension.

Alternative scenario: below 1305.00 look for further downside with 1294.00 & 1272.00 as targets.

Comment: a support base at 1305.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1359 / 1345 / 1335 / 1314.70 (Major) / 1305 / 1294 / 1272

SILVER MARKET UPDATE

Pivot: 18.00

Our preference: long positions above 18.00 with targets @ 18.45 & 18.60 in extension.

Alternative scenario: below 18.00 look for further downside with 17.84 & 17.70 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
18.80 / 18.60 / 18.45 / 18.32 (Major) / 18.00 / 17.84 / 17.70

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.

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