Metals are trading flat today. Focus is on this week's NFP report. Performance this week at a glance in chart & table - Gold - Gold is top performer today. Price has successfully bounced back from support area intraday. …
Metals are trading flat today. Focus is on this week's NFP report. Performance this week at a glance in chart & table -
Gold - Gold is top performer today. Price has successfully bounced back from support area intraday. Today's high so far is at $1190 and low at $1178. Gold is making lower lows and highs. Immediate support lies at 1178, 1160 and resistance at 1224.
Silver - Silver is struggling today amid stronger dollar, performing worse than gold. Mint ratio is at 71.02, up 0.2% today. Silver is currently trading at $16.7/troy ounce, prices has broken to lower lows and lower highs, made high at $16.84/ troy ounce made low around $16.45. Price looks to weaken further.Support lies at 15.42,14 & resistance at 17.5-17.7.
Copper - Copper fell today, as demands lack from China. Further losses might be on card as bearish inverted hammer appeared in weekly chart. Copper is currently trading at 2.755, down 0.7% today. Prices looks to go down towards $2.5.Immediate support lies at 2.74, 2.59 & resistance at 2.87, 2.93, and 3.07.
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