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Buy the Dip: Gold Holds Strong at $3980, Targets $4150 
 - EconoTimes)
Metals are mixed today, precious pack is consolidating, while industrial is down. Performance this week at a glance in chart & table -
Gold -
- Gold's were halted around $1120 area, $1100 area providing support. Today's range - $1093-$1120.
- Gold is likely to reach as high as $1150 area if support around $1180 holds.
- Gold is currently trading at $1108/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.
Silver -
- Silver has cleared above $15 area and tried to test $15.5 psychological resistance area. Today's range $15.41-15.10
- Silver is currently trading at $15.3/troy ounce. Support lies at $14 & resistance at $16.
Copper -
- Copper faced sharp selloff today over Chinese devaluation of Yuan. Today's range $2.43-2.31.
- Further push down seems very much likely. Next target area is around $2.24
- Copper is currently trading at $2.32/pound, immediate support lies at, $2.2 & resistance at $2.45.
|
Gold |
+1.39% |
|
Silver |
+3.24% |
|
Copper |
-0.13% |
