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Metal pack is trading red in today's trading. Performance this week at a glance in chart & table -
Gold -
- Gold is heading towards its support line around $1125, red for third consecutive week.
- Gold is currently trading at $1135/troy ounce. Immediate support lies at $1122 and resistance at $1143 area.
Silver -
- Silver is down and likely to move lower to test the trend line support around $15 area. Today's range $15.25-15.55
- Silver is currently trading at $15.33/troy ounce. Support lies at $14.4 & resistance at $16.5.
Copper -
- Copper dropped further as China's manufacturing remain in contraction. Today's range $2.28-2.32.
- In short term Copper might target $2.69/pound.
- Longer term Call - Sell Copper targeting $1.85/pound, though it might gain in the short term.
- Copper is currently trading at $2.3/pound, immediate support lies at, $2.2 & resistance at $2.5.
|
Gold |
-0.53% |
|
Silver |
-1.29% |
|
Copper |
-0.43% |
