GOLD MARKET UPDATE
Pivot: 1340
Our preference: long positions above 1340.00 with targets @ 1364.50 & 1369.00 in extension.
Alternative scenario: below 1340.00 look for further downside with 1335.00 & 1328.50 as targets.
Comment: the RSI is supported by a bullish trend line.
Supports and resistances:
1375 / 1369 / 1364.50 / 1351.85 (Major) / 1340 / 1335 / 1328.50
SILVER MARKET UPDATE
Pivot: 19.60
Our preference: long positions above 19.60 with targets @ 20.23 & 20.40 in extension.
Alternative scenario: below 19.60 look for further downside with 19.30 & 19.00 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
20.52 / 20.40 / 20.23 / 20.03 (Major) / 19.60 / 19.30 / 19.00
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