Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
 - EconoTimes)
Metal pack is mixed today. Performance this week at a glance in chart & table -
Gold:
- Gold is higher again today but breaking $1300 resistance area won’t be easy. Today’s range $1262-1272
- We expect gold to reach $1520
- Gold is currently trading at $1272/troy ounce. Immediate support lies at $1250 and resistance at $1330 area.
Silver:
- Silver is up in line with gold. Today’s range $17.77-17.57
- Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8. Target extended to $26
- Silver is currently trading at $17.7/troy ounce. Support lies at $16, & resistance at $20
Copper:
- Copper is the best performer of the day and this week. Today’s range $2.09-2.15
- Active call – Sell copper @2.06 and at rallies with targets around $1.75, $1.6/pound with stop loss around $2.4/pound
- Copper is currently trading at $2.13/pound, immediate support lies at, $2.03 & resistance at $2.3
|
Gold |
+0.16% |
|
Silver |
+1.03% |
|
Copper |
+2.15% |
