GOLD MARKET UPDATE
Pivot: 1269
Our preference: short positions below 1269.00 with targets @ 1253.00 & 1246.00 in extension.
Alternative scenario: above 1269.00 look for further upside with 1274.00 & 1282.00 as targets.
Comment: the RSI is capped by a declining trend line.
Supports and resistances:
1282 / 1274 / 1269 / 1257.95(Major) / 1253 / 1246 / 1237.30
SILVER MARKET UPDATE
Pivot: 17.14
Our preference: short positions below 17.14 with targets @ 16.68 & 16.55 in extension.
Alternative scenario: above 17.14 look for further upside with 17.39 & 17.51 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
17.51 / 17.39 / 17.14 / 16.81 (Major) / 16.68 / 16.55 / 16.38
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