Metals are consolidating today. Performance this week at a glance in chart & table -
Gold -
- Gold is treading water around $1160 area. Today's range - $1164-$1157
- Sell gold with target around $1100 and stop around $1200.
- Gold is currently trading at $1160/troy ounce. Immediate support lies at $1150 and resistance at $1173, $1190 area.
Silver -
- Silver is facing resistance around $15.5 area. Today's range $15.5-15.4
- Silver is likely to drop as low as $14
- Silver is currently trading at $15.5/troy ounce. Support lies at $14 & resistance at $16
Copper -
- Copper's bounce back from key support area is losing strength Today's range $2.57-2.52
- Next target is around $2.24, however bounce back might stretch towards $2.7/mmbtu.
- Copper is currently trading at $2.55/pound, immediate support lies at $2.2 & resistance at $2.65.
|
Gold |
-0.74% |
|
Silver |
-1.21% |
|
Copper |
-3.25% |


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