Commodities snapshot (precious & industrial)

Metal pack is down today. Performance this week at a glance in chart & table -

Gold:

• The gold price is marginally down but pulls prepare for another test of key resistance around $1220. Today’s range $1188-1195
• Gold is currently trading at $1190/troy ounce. Immediate support lies at $1150, and resistance at $1225, $1285 area.

Silver:

• Silver is marginally down in line with gold; the current rally likely to remain below $17.2 and definitely below $18. Today’s range $17.05-17.2
• Silver is currently trading at $17.09/troy ounce. Support lies at $16.4, & resistance at $17.2, $18

Copper:

• Copper is struggling below key resistance at $2.72 area. Today’s range $2.68-2.7
• Copper is currently trading at $2.68/pound, immediate support lies at, $2.4 & resistance at  $2.86