GOLD MARKET UPDATE
Pivot: 1350
Our preference: long positions above 1350.00 with targets @ 1363.00 & 1371.00 in extension.
Alternative scenario: below 1350.00 look for further downside with 1342.00 & 1334.00 as targets.
Comment: a support base at 1350.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1375 / 1371 / 1363 / 1354.47 (Major) / 1350 / 1342 / 1334
SILVER MARKET UPDATE
Pivot: 19.94
Our preference: long positions above 19.9400 with targets @ 20.7500 & 21.1300 in extension.
Alternative scenario: below 19.9400 look for further downside with 19.4000 & 19.0000 as targets.
Comment: the RSI is supported by a bullish trend line.
Supports and resistances:
21.42 / 21.13 / 20.75 / 20.35 (Major) / 19.94 / 19.40 / 19.00
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