GOLD MARKET UPDATE
Pivot: 1350
Our preference: short positions below 1350.00 with targets @ 1320.00 & 1312.00 in extension.
Alternative scenario: above 1350.00 look for further upside with 1363.00 & 1375.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
1375 / 1363 / 1350 / 1337.13 (Major) / 1320 / 1312 / 1305
SILVER MARKET UPDATE
Pivot: 20.41
Our preference: short positions below 20.41 with targets @ 19.93 & 19.78 in extension.
Alternative scenario: above 20.41 look for further upside with 20.75 & 21.13 as targets.
Comment: the upward potential is likely to be limited by the resistance at 20.41.
Supports and resistances:
21.13 / 20.75 / 20.41 / 20.29 (Major) / 19.93 / 19.78 / 19.56
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