GOLD MARKET UPDATE
Pivot: 1316
Our preference: short positions below 1316.00 with targets @ 1304.00 & 1299.00 in extension.
Alternative scenario: above 1316.00 look for further upside with 1322.00 & 1325.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1316.00.
Supports and resistances:
1325 / 1322 / 1316 / 1309.83 (Major) / 1304 / 1299 / 1290
SILVER MARKET UPDATE
Pivot: 18.87
Our preference: short positions below 18.8700 with targets @ 18.5100 & 18.3500 in extension.
Alternative scenario: above 18.8700 look for further upside with 19.0700 & 19.1900 as targets.
Comment: the RSI is capped by a declining trend line.
Supports and resistances:
19.19 / 19.07 / 18.87 / 18.72 (Major) / 18.51 / 18.35 / 18.17
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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