Commodities snapshot (precious & industrial)

Metal pack is trading red in today's trading. Performance this week at a glance in chart & table -

Gold -

• Gold is down after finding offers around $1200 area yesterday. Rise in Dollar, also contributed the fall. Today's range - $1175-$1184.
• Gold might reach as high as $1225.
• Gold is currently trading at $1183/troy ounce. Immediate support lies at $1090 and resistance at $1150 area.

Silver -

• Silver trying to base support around $16 area. Silver might move higher first around $16.4 and later $17.7 area. Today's range $15.9-16.2
• Silver is currently trading at $16.1/troy ounce. Support lies at $14.4 & resistance at $16.5.

Copper -

• Copper is hovering around $2.4 area. Chinese GDP on Monday might prove crucial. Today's range $2.44-2.38.
• 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 $2.4/pound, immediate support lies at, $2.2 & resistance at $2.5.