GOLD MARKET UPDATE
Pivot: 1350
Our preference: long positions above 1350.00 with targets @ 1379.00 & 1386.00 in extension.
Alternative scenario: below 1350.00 look for further downside with 1337.50 & 1328.00 as targets.
Comment: the RSI advocates for further upside.
Supports and resistances:
1393 / 1386 / 1379 / 1368.40 (Major) / 1350 / 1337.50 / 1328
SILVER MARKET UPDATE
Pivot: 19.64
Our preference: long positions above 19.6400 with targets @ 21.1300 & 21.7000 in extension.
Alternative scenario: below 19.6400 look for further downside with 19.0000 & 18.6800 as targets.
Comment: a support base at 19.6400 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
22.00 / 21.70 / 21.13 / 20.27 (Major) / 19.64 / 19.00 / 18.68
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