Metals failed to gain today despite weaker dollar. Performance this week at a glance in chart & table - Gold - Gold is the worst performer in today's trading even failed to advance after disappointing data was published …
Metals failed to gain today despite weaker dollar. Performance this week at a glance in chart & table -
Gold - Gold is the worst performer in today's trading even failed to advance after disappointing data was published from US namely Empire manufacturing and Industrial production. Sellers are appearing at rallies. Gold is trading at $1154/troy ounce. Immediate support lies at 1144 & resistance at 1166.
Silver - Silver, is better performer today. Mint ratio is at 73.72, down 0.30% today. Prices might reach as low as $14/troy ounce as key level remains broken. Silver is currently trading at $15.6/troy ounce. Support lies at 14 & resistance at 16.6.
Copper - Copper is not much of a mover today, trading in a tight range of 3 dollar. Price pattern suggests loss towards 2.47 levels should the resistance at $ 2.72 holds. Immediate support lies at 2.59 & resistance at 2.72.
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