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Buy the Dip: Gold Holds Strong at $3980, Targets $4150 
 – ignore previous entry - EconoTimes)
Metal pack is trading in green today. Performance this week at a glance in chart & table -
Gold -
- Gold has found support around $1115 area. Today's range - $1127-$1118
- Sell gold with target around $1070 area and stop around $1150 area.
- Gold is currently trading at $1125/troy ounce. Immediate support lies at $1108 and resistance at $1168 area.
Silver -
- Silver is keeping on finding support around $14.5 area. Today's range $14.90-14.46
- Silver is currently trading at $14.86/troy ounce. Support lies at $14 & resistance at $16.
Copper -
- Copper is best performer today, after Glencore announced to shut some of its mines for next 18 months yesterday, leading to large amount of short covering.. Today's range $2.32-2.44.
- Copper is currently trading at $2.43/pound, immediate support lies at, $2.2, 2.29 & resistance at $2.45.
|
Gold |
+0.36% |
|
Silver |
+2.19% |
|
Copper |
+4.92% |
