Metal pack is down today. Performance this week at a glance in chart & table -
Gold –
- Gold is down over stronger Dollar, on hawkish FOMC. Today’s range $1247-1261
- Gold is currently trading at $1248/troy ounce. Immediate support lies at $1240 and resistance at $1350 area.
Silver –
- Silver is far worse performer than gold. Today’s range $16.42 -16.97
- Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
- Silver is currently trading at $16.44 /troy ounce. Support lies at $16.5 & resistance at $17.8, 18.4
Copper –
- Copper is flat for the day. Today’s range $2.05-2.1
- Active call – Sell copper @2.06 and at rallies with targets around $1.75, $1.6/pound with stop loss around $2.3/pound
- Copper is currently trading at $2.05/pound, immediate support lies at, $2.03 & resistance at $2.3, $2.21
Gold |
-1.96% |
Silver |
-3.80% |
Copper |
-1.06% |