GOLD MARKET UPDATE
Pivot: 1325.50
Our preference: short positions below 1325.50 with targets @ 1304.50 & 1299.00 in extension.
Alternative scenario: above 1325.50 look for further upside with 1331.25 & 1335.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1325.50.
Supports and resistances:
1335 / 1331.25 / 1325.50 / 1315.30 (Major) / 1304.50 / 1299 / 1290
SILVER MARKET UPDATE
Pivot: 18.87
Our preference: short positions below 18.8700 with targets @ 18.5100 & 18.3500 in extension.
Alternative scenario: above 18.8700 look for further upside with 19.0700 & 19.1900 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Supports and resistances:
19.19 / 19.07 / 18.87 / 18.81 (Major) / 18.51 / 18.35 / 18.17
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