Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Today’s space race could turn fatal if we don’t agree on new rules 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
 - EconoTimes)
Metals are under slide ahead of FOMC. Performance this week at a glance in chart & table -
Gold -
- Gold is trading with downside bias ahead of FOMC. Today's range - $1182 - $1174
- Gold might reach $1152 area, since $1178 support got broken. Stop is around $1200.
- Gold is currently trading at $1175/troy ounce. Immediate support lies at $1152 and resistance at $1224, $1236-1240 area.
Silver -
- Silver is hovering around $16 as FOMC approaches.
- Mint ratio is up by 0.2% today, currently at 73.8. Mint ratio and precious metal prices are inversely related more often than not.
- FED is make or break event for silver as it tests key support.
- Silver is currently trading at $16/troy ounce. Support lies at $16, $15.42 & resistance at $17.5-17.7, 18.4-18.7.
Copper -
- As expected, copper is moving down, traded as low as $2.60/pound.
- Next target is around $2.52/pound since support at $2.65 got broken. However since target stands close, partial profit booking can be done prior to FOMC.
- Copper is currently trading at $2.61/pound, immediate support lies at $2.5 & resistance at $2.75, $2.84, $2.89, $2.95.
|
Gold |
-0.42% |
|
Silver |
+0.28% |
|
Copper |
-2.79% |
