Daily Gold/Silver Market Update: Thursday June 9, 2016

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

GOLD MARKET UPDATE

Pivot: 1253.50

Our preference: long positions above 1253.50 with targets @ 1276.00 & 1286.00 in extension.

Alternative scenario: below 1253.50 look for further downside with 1246.00 & 1234.50 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:
1293 / 1286 / 1276 / 1262.81 (Major) / 1253.50 / 1246 / 1234.50

SILVER MARKET UPDATE

Pivot: 16.80

Our preference: long positions above 16.80 with targets @ 17.45 & 17.58 in extension.

Alternative scenario: below 16.80 look for further downside with 16.53 & 16.34 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:
17.80 / 17.58 / 17.45 / 17.17 (Major) / 16.80 / 16.53 / 16.34

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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