Metal pack is trading in red. Performance this week at a glance in chart & table - Gold - Gold is down for seventh consecutive day, and third consecutive week. Gold after breaking support around $1120 has broken below to…
Metal pack is trading in red. Performance this week at a glance in chart & table -
Gold -
Gold is down for seventh consecutive day, and third consecutive week. Gold after breaking support around $1120 has broken below to another support area of $1105.
Gold is currently trading at $1106/troy ounce. Immediate support lies at $1100 and resistance at $1123 area.
Silver -
Silver has reached target and support around $15 area. Today's range $15.1-14.93
Silver is currently trading at $15.02/troy ounce. Support lies at $14.4 & resistance at $16.5.
Copper -
Copper is sharply down today, continuing its rout. Today's range $2.32-2.36.
In short term Copper might target $2.69/pound. But the upside target is increasingly looking bleak.
Longer term Call - Sell Copper targeting $1.85/pound.
Copper is currently trading at $2.25/pound, immediate support lies at, $2.2 & resistance at $2.5.
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