Daily Gold/Silver Market Update: Tuesday July 19, 2016

Daily Market Updates From National Bullion House
Dubai’s leading precious metals investment hub

GOLD MARKET UPDATE

Pivot: 1337

Our preference: short positions below 1337.00 with targets @ 1312.00 & 1305.00 in extension.

Alternative scenario: above 1337.00 look for further upside with 1342.00 & 1350.00 as targets.

Comment: the RSI is capped by a declining trend line.

Supports and resistances:
1350 / 1342 / 1337 / 1329.10 (Major) / 1312 / 1305 / 1295

SILVER MARKET UPDATE

Pivot: 20.20

Our preference: short positions below 20.20 with targets @ 19.56 & 19.43 in extension.

Alternative scenario: above 20.20 look for further upside with 20.52 & 20.68 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Supports and resistances:
20.68 / 20.52 / 20.20 / 19.91 (Major) / 19.56 / 19.43 / 19.19

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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