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
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