GOLD MARKET UPDATE
Pivot: 1343
Our preference: long positions above 1343.00 with targets @ 1362.00 & 1367.00 in extension.
Alternative scenario: below 1343.00 look for further downside with 1336.00 & 1328.00 as targets.
Comment: a support base at 1343.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1372 / 1367 / 1362 / 1349.40 (Major) / 1343 / 1336 / 1328
SILVER MARKET UPDATE
Pivot: 20.27
Our preference: long positions above 20.27 with targets @ 20.64 & 20.80 in extension.
Alternative scenario: below 20.27 look for further downside with 20.00 & 19.75 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Supports and resistances:
21.00 / 20.80 / 20.64 / 20.38 (Major) / 20.27 / 20.00 / 19.75
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