GOLD MARKET UPDATE
Pivot: 1320
Our preference: long positions above 1320.00 with targets @ 1339.00 & 1349.00 in extension.
Alternative scenario: below 1320.00 look for further downside with 1316.00 & 1309.00 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1353 / 1349 / 1339 / 1329.78 (Major) / 1320 / 1316 / 1309
SILVER MARKET UPDATE
Pivot: 18.67
Our preference: long positions above 18.6700 with targets @ 19.5400 & 19.7000 in extension.
Alternative scenario: below 18.6700 look for further downside with 18.5500 & 18.3600 as targets.
Comment: a support base at 18.6700 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
19.95 / 19.70 / 19.54 / 19.18 (Major) / 18.67 / 18.55 / 18.36
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.
Bullion.Directory or anyone involved with Bullion.Directory will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading in precious metals. Bullion.Directory advises you to always consult with a qualified and registered specialist advisor before investing in precious metals.
Material provided on the Bullion.Directory website is strictly for informational purposes only. The content is developed from sources believed to be providing accurate information. No information on this website is intended as investment, tax or legal advice and must not be relied upon as such. Please consult legal or tax professionals for specific information regarding your individual situation. Precious metals carry risk and investors requiring advice should always consult a properly qualified advisor. Bullion.Directory, it's staff or affiliates do not accept any liability for loss, damages, or loss of profit resulting from readers investment decisions.
Leave a Reply