Commodities snapshot (precious & industrial)

Metals finally gave up further grounds amid a stronger dollar and news on slowing china. Performance this week at a glance in chart & table -

• Gold - Gold bulls gave up after the solid job print in US showed payroll added another 295,000 jobs. Dollar is extremely strong up more than a percent against most of the currencies. Gold dropped sharply after the support was broken. Gold is currently trading at $1174/troy ounce, down near 2.1% for the day. Gold can fall towards $1150/ troy ounce. Immediate support lies at 1144 & resistance at 1190.
  
  
• Silver - Silver, dropped along with gold after NFP report. Silver unlike gold was already undder the grasp of the bears as the bulls had given up earlier. Price pattern suggests that it could fall as low as $14/troy ounce. Silver is currently trading at $15.84/troy ounce, down by 2.30% for the day. Support lies at 15.5 & resistance at 17.6.
  
  
• Copper - Copper gave up last week's gain and fallen back below the support. Price pattern suggests that fall could be much more. Copper is trading at $ 2.61/pound. Immediate support lies at 2.54 & resistance at 2.76.