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 - EconoTimes)
Metal pack is red in today's trading. Performance this week at a glance in chart & table -
Gold -
- Gold is heading lower form key resistance area, focus on FOMC minutes. Today's range - $1136-$1147.
- Gold is currently trading at $1144/troy ounce. Immediate support lies at $1090 and resistance at $1150 area.
Silver -
- Silver finding resistance around $16/troy ounce. Silver might move higher first around $16.4 and later $17.7 area. Today's range $16.02-15.4
- Silver is currently trading at $15.68/troy ounce. Support lies at $14.4 & resistance at $16.5.
Copper -
- Copper is sharply lower today. China market opened after long holiday today. Today's range $2.31-2.37.
- In short term Copper might target $2.69/pound.
- Longer term Call - Sell Copper targeting $1.85/pound, though it might gain in the short term.
- Copper is currently trading at $2.33/pound, immediate support lies at, $2.2 & resistance at $2.5.
|
Gold |
+0.53% |
|
Silver |
+3.02% |
|
Copper |
-0.55% |
