GOLD MARKET UPDATE
Pivot: 1320
Our preference: short positions below 1320.00 with targets @ 1305.80 & 1302.20 in extension.
Alternative scenario: above 1320.00 look for further upside with 1324.50 & 1328.50 as targets.
Comment: the RSI calls for a drop.
Supports and resistances:
1328.50 / 1324.50 / 1320 / 1315.12 (Major) / 1305.80 / 1302.20 / 1298.40
SILVER MARKET UPDATE
Pivot: 19.43
Our preference: short positions below 19.43 with targets @ 18.78 & 18.63 in extension.
Alternative scenario: above 19.43 look for further upside with 19.65 & 19.80 as targets.
Comment: the RSI calls for a new downleg.
Supports and resistances:
19.80 / 19.65 / 19.43 / 19.24 (Major) / 18.78 / 18.63 / 18.50
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