GOLD MARKET UPDATE
Pivot: 1331.50
Our preference: long positions above 1331.50 with targets @ 1344.80 & 1348.00 in extension.
Alternative scenario: below 1331.50 look for further downside with 1325.00 & 1321.00 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
1351.50 / 1348 / 1344.80 / 1337.42 (Major) / 1331.50 / 1325 / 1321
SILVER MARKET UPDATE
Pivot: 18.69
Our preference: long positions above 18.6900 with targets @ 19.2000 & 19.4500 in extension.
Alternative scenario: below 18.6900 look for further downside with 18.4700 & 18.2600 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
19.71 / 19.45 / 19.20 / 18.92 (Major) / 18.69 / 18.47 / 18.26
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