Gold spot Intraday: bullish bias above 1306.


Pivot: 1306
Our preference: Long positions above 1306 with targets @ 1332 & 1350 in extension.
Alternative scenario: Below 1306 look for further downside with 1300 & 1285 as targets.
Comment: A support base at 1306 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
R3…1365
R2…1350
R1…1332
1316.82 Last
S1…1306
S2…1300
S3…1285


Silver spot Intraday: bullish bias above 20.65.


Pivot: 20.65
Our preference: Long positions above 20.65 with targets @ 21.5 & 21.75 in extension.
Alternative scenario: Below 20.65 look for further downside with 20.35 & 20 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
R3…22.17
R2…21.75
R1…21.5
20.92 Last
S1…20.65
S2…20.35
S3…20
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