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
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