Metals are doing very well this week as lower rate expectation and weaker dollar improved outlook. Performance this week at a glance in chart & table - Gold -Gold is trying to break above the key resistance however faile…
Metals are doing very well this week as lower rate expectation and weaker dollar improved outlook. Performance this week at a glance in chart & table -
Gold -Gold is trying to break above the key resistance however failed so far.Gold is currently trading at $1190/troy ounce. Immediate support lies at 1160, 1144 and resistance at 1192, 1205.
Silver - Silver is still better performer than gold this week. Mint ratio is at 70.2, up 0.40% today. Silver is currently trading at $16.92/troy ounce. Silver has so far failed to break above resistance. Support lies at 15.42,14 & resistance at 17, 17.8.
Copper - Copper is the best performer this week and broken above key resistance. However party soured by release of weaker inflation data.Copper is trading at $2.79/pound. Immediate support lies at 2.74, 2.59 & resistance at 2.93, 3.07.
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