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 - EconoTimes)
Metal pack is trading green in today's trading. Performance this week at a glance in chart & table -
Gold -
- Gold is sharply up heading into FOMC. Today's range - $1165-$1183.
- Gold might reach as high as $1225. However in the immediate term a test of $1125 support line is possible.
- Gold is currently trading at $1177/troy ounce. Immediate support lies at $1090 and resistance at $1150 area.
Silver -
- Silver reached its first target and key resistance area around $16.4 and might later target $17.7 area. Today's range $16.4-15.75
- Silver is currently trading at $16.3/troy ounce. Support lies at $14.4 & resistance at $16.5.
Copper -
- Copper is almost flat. Today's range $2.32-2.37.
- 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 $2.37/pound, immediate support lies at, $2.2 & resistance at $2.5.
|
Gold |
+0.95% |
|
Silver |
+2.91% |
|
Copper |
+0.72% |
