GOLD MARKET UPDATE
Pivot: 1278
Our preference: short positions below 1278.00 with targets @ 1256.50 & 1249.00 in extension.
Alternative scenario: above 1278.00 look for further upside with 1294.00 & 1300.00 as targets.
Comment: the RSI is capped by a declining trend line.
Supports and resistances:
1300 / 1294 / 1278 / 1268.49 (Major) / 1256.50 / 1249 / 1242
SILVER MARKET UPDATE
Pivot: 17.41
Our preference: short positions below 17.41 with targets @ 17.12 & 16.91 in extension.
Alternative scenario: above 17.41 look for further upside with 17.60 & 17.84 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Supports and resistances:
17.84 / 17.60 / 17.41 / 17.23 (Major) / 17.12 / 16.91 / 16.73
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.
Bullion.Directory or anyone involved with Bullion.Directory will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading in precious metals. Bullion.Directory advises you to always consult with a qualified and registered specialist advisor before investing in precious metals.
Material provided on the Bullion.Directory website is strictly for informational purposes only. The content is developed from sources believed to be providing accurate information. No information on this website is intended as investment, tax or legal advice and must not be relied upon as such. Please consult legal or tax professionals for specific information regarding your individual situation. Precious metals carry risk and investors requiring advice should always consult a properly qualified advisor. Bullion.Directory, it's staff or affiliates do not accept any liability for loss, damages, or loss of profit resulting from readers investment decisions.
Leave a Reply