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
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