GOLD MARKET UPDATE
Pivot: 1309
Our preference: long positions above 1309.00 with targets @ 1321.50 & 1326.00 in extension.
Alternative scenario: below 1309.00 look for further downside with 1305.75 & 1302.00 as targets.
Comment: the RSI calls for a bounce.
Supports and resistances:
1332 / 1326 / 1321.50 / 1314.96 (Major) / 1309 / 1305.75 / 1302
SILVER MARKET UPDATE
Pivot: 18.85
Our preference: long positions above 18.8500 with targets @ 19.2900 & 19.5400 in extension.
Alternative scenario: below 18.8500 look for further downside with 18.6300 & 18.3600 as targets.
Comment: the RSI broke above a declining trend line.
Supports and resistances:
19.70 / 19.54 / 19.29 / 19.12 (Major) / 18.85 / 18.63 / 18.36
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