GOLD MARKET UPDATE
Pivot: 1338
Our preference: long positions above 1338.00 with targets @ 1354.00 & 1359.00 in extension.
Alternative scenario: below 1338.00 look for further downside with 1329.50 & 1321.00 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1365 / 1359 / 1354 / 1350.20 (Major) / 1338 / 1329.50 / 1321
SILVER MARKET UPDATE
Pivot: 19.75
Our preference: long positions above 19.75 with targets @ 20.28 & 20.43 in extension.
Alternative scenario: below 19.75 look for further downside with 19.56 & 19.47 as targets.
Comment: the RSI advocates for further upside.
Supports and resistances:
20.57 / 20.43 / 20.28 / 20.11 (Major) / 19.75 / 19.56 / 19.47
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