GOLD MARKET UPDATE
Pivot: 1297
Our preference: short positions below 1297.00 with targets @ 1277.60 & 1272.00 in extension.
Alternative scenario: above 1297.00 look for further upside with 1308.00 & 1315.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Supports and resistances:
1315 / 1308 / 1297 / 1386 (Major) / 1277.60 / 1272 / 1264
SILVER MARKET UPDATE
Pivot: 17.60
Our preference: short positions below 17.6000 with targets @ 17.2500 & 17.1200 in extension.
Alternative scenario: above 17.6000 look for further upside with 17.8400 & 18.0000 as targets.
Comment: intraday technical indicators are mixed.
Supports and resistances:
18.00 / 17.84 / 17.60 / 17.38 (Major) / 17.25 / 17.12 / 16.91
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