GOLD MARKET UPDATE
Pivot: 1331.25
Our preference: short positions below 1331.25 with targets @ 1315.00 & 1309.00 in extension.
Alternative scenario: above 1331.25 look for further upside with 1335.00 & 1339.50 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1331.25.
Supports and resistances:
1339.50 / 1335 / 1331.25 / 1320.22 (Major) / 1315 / 1309 / 1304
SILVER MARKET UPDATE
Pivot: 19.29
Our preference: short positions below 19.29 with targets @ 18.67 & 18.55 in extension.
Alternative scenario: above 19.29 look for further upside with 19.54 & 19.70 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
19.70 / 19.54 / 19.29 / 18.94 (Major) / 18.67 / 18.55 / 18.36
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