GOLD MARKET UPDATE
Pivot: 1312
Our preference: long positions above 1312.00 with targets @ 1330.00 & 1334.00 in extension.
Alternative scenario: below 1312.00 look for further downside with 1304.50 & 1300.00 as targets.
Comment: a support base at 1312.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1338.50 / 1334 / 1330 / 1318.92 (Major) / 1312 / 1304.50 / 1300
SILVER MARKET UPDATE
Pivot: 19.30
Our preference: long positions above 19.3000 with targets @ 19.8500 & 20.1000 in extension.
Alternative scenario: below 19.3000 look for further downside with 19.1900 & 19.0000 as targets.
Comment: a support base at 19.3000 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
20.25 / 20.10 / 19.85 / 19.55 (Major) / 19.30 / 19.19 / 19.00
National Bullion House serve a wide range of clients: savers, traders and speculators, elite investors, jewellery shops and banks. With a successful track record in managing physical bullion trading activity, NBH specialize in providing the most rewarding investment opportunities in precious metals, with a dominant focus on gold.
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