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 - EconoTimes)
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.
|
Gold |
+2.42% |
|
Silver |
+1.77% |
|
Copper |
-0.83% |
