Daily Gold/Silver Market Update: Tuesday June 28, 2016

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

GOLD MARKET UPDATE

Pivot: 1335.40

Our preference: short positions below 1335.40 with targets @ 1296.00 & 1271.00 in extension.

Alternative scenario: above 1335.40 look for further upside with 1368.00 & 1393.00 as targets.

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

Supports and resistances:
1393 / 1368 / 1335.40 / 1315.52 (Major) / 1296 / 1271 / 1250

SILVER MARKET UPDATE

Pivot: 17.77

Our preference: short positions below 17.77 with targets @ 17.43 & 17.16 in extension.

Alternative scenario: above 17.77 look for further upside with 18.00 & 18.32 as targets.

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

Supports and resistances:
18.32 / 18.00 / 17.77 / 17.66 (Major) / 17.43 / 17.16 / 16.90

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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