GOLD MARKET UPDATE
Pivot: 1340
Our preference: long positions above 1340.00 with targets @ 1359.00 & 1365.00 in extension.
Alternative scenario: below 1340.00 look for further downside with 1335.00 & 1328.50 as targets.
Comment: a support base at 1340.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1374 / 1365 / 1359 / 1346.27 (Major) / 1340 / 1335 / 1328.50
SILVER MARKET UPDATE
Pivot: 19.60
Our preference: long positions above 19.6000 with targets @ 20.2700 & 20.4300 in extension.
Alternative scenario: below 19.6000 look for further downside with 19.3000 & 19.0900 as targets.
Comment: a support base at 19.6000 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
20.60 / 20.43 / 20.27 / 19.86 (Major) / 19.60 / 19.30 / 19.09
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