GOLD MARKET UPDATE
Pivot: 1321.50
Our preference: long positions above 1321.50 with targets @ 1330.20 & 1335.00 in extension.
Alternative scenario: below 1321.50 look for further downside with 1316.00 & 1310.00 as targets.
Comment: the RSI is supported by a bullish trend line.
Supports and resistances:
1342 / 1335 / 1330.20 / 1327 (Major) / 1321.50 / 1316 / 1310
SILVER MARKET UPDATE
Pivot: 19.30
Our preference: long positions above 19.30 with targets @ 19.70 & 19.85 in extension.
Alternative scenario: below 19.30 look for further downside with 19.00 & 18.80 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
20.00 / 19.85 / 19.70 / 19.54 (Major) / 19.30 / 19.00 / 18.80
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