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 - EconoTimes)
Metal pack is trading in red. Performance this week at a glance in chart & table -
Gold -
- Gold is down for eighth consecutive day, and third consecutive week as non-farm surprised massive to the upside with wage growth.
- Gold is currently trading at $1087/troy ounce. Immediate support lies at $1100 and resistance at $1123 area.
Silver -
- Silver broken way below $15 support area. Today's range $15.1-14.7
- Silver is currently trading at $14.75/troy ounce. Support lies at $14.4 & resistance at $16.5.
Copper -
- Copper is down in line with global commodities. Today's range $2.23-2.27
- In short term Copper might target $2.65/pound. But the upside target is increasingly looking bleak.
- Longer term Call - Sell Copper targeting $1.85/pound.
- Copper is currently trading at $2.24/pound, immediate support lies at, $2.2 & resistance at $2.5.
|
Gold |
-4.73% |
|
Silver |
-5.02% |
|
Copper |
-3.24% |
