Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
 - EconoTimes)
Metal pack is mixed today. Performance this week at a glance in chart & table -
Gold:
- Gold is down as the dollar goes strong post-NFP. Today’s range $1355-1371
- We expect gold to reach $1520
- Gold is currently trading at $1357/troy ounce. Immediate support lies at $1300 and resistance at $1395 area.
Silver:
- Silver is up contrasting with gold. Today’s range $20.17 -20.7
- Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8. Target extended to $26
- Silver is currently trading at $20.32 /troy ounce. Support lies at $15.6, $16 & resistance at 18.4
Copper:
- Copper is best performer today. Today’s range $2.12-2.17
- Active call – Sell copper @2.06 and at rallies with targets around $1.75, $1.6/pound with stop loss around $2.3/pound
- Copper is currently trading at $2.15/pound, immediate support lies at, $2.03 & resistance at $2.3, $2.21
|
Gold |
-0.66% |
|
Silver |
+0.20% |
|
Copper |
+1.46% |
