GOLD MARKET UPDATE
Pivot: 1341
Our preference: short positions below 1341.00 with targets @ 1331.50 & 1325.00 in extension.
Alternative scenario: above 1341.00 look for further upside with 1348.00 & 1351.50 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1341.00.
Supports and resistances:
1351.50 / 1348 / 1341 / 1337.68 (Major) / 1331.50 / 1325 / 1321
SILVER MARKET UPDATE
Pivot: 19.20
Our preference: short positions below 19.20 with targets @ 18.69 & 18.47 in extension.
Alternative scenario: above 19.20 look for further upside with 19.46 & 19.71 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
19.71 / 19.46 / 19.20 / 18.99 (Major) / 18.69 / 18.47 / 18.16
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