Metal pack is mixed, while precious pack is down, industrial is trading in green. Performance this week at a glance in chart & table - Gold - Gold is down for fifth consecutive day, and third consecutive week. Gold has r…
Metal pack is mixed, while precious pack is down, industrial is trading in green. Performance this week at a glance in chart & table -
Gold -
Gold is down for fifth consecutive day, and third consecutive week. Gold has reached target and now hovering at support area. There might be some profit booking.
Gold is currently trading at $1117/troy ounce. Immediate support lies at $1100 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 $15.34-15.17
Silver is currently trading at $15.21/troy ounce. Support lies at $14.4 & resistance at $16.5.
Copper -
Copper is higher, contrasting with precious pack. Today's range $2.32-2.36.
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 $2.34/pound, immediate support lies at, $2.2 & resistance at $2.5.
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