Commodities snapshot (precious & industrial)

Metals are failing to gain amid strong dollar but have so far held the levels steady. Performance this week at a glance in chart & table -

• Gold - Gold sellers have so far failed to break $1150 level. If gold successfully holds the level, next week's FOMC meeting could become a make or break event like this month's NFP. Gold can fall even to $1040/troy ounce if key support gets broken. Immediate support lies at 1144 & resistance at 1166.
  
  
• Silver - Silver, is trading in tight range of 21 cents today. Mint ratio is at 74.23, up 0.50% today. Prices might reach as low as $14/troy ounce as key level remains broken. Silver is currently trading at $15.5/troy ounce. Support lies at 14 & resistance at 16.6.
  
  
• Copper - Copper is the best performer so far the week but remain cautious over the developments in China. Price pattern suggests loss towards 2.47 levels should the resistance at $ 2.72 holds. Immediate support lies at 2.59 & resistance at 2.67.