Metals are trading with bearish bias today. Performance this week at a glance in chart & table -
Gold -
- Gold is facing resistance around $1160 area. Today's range - $1160-$1152
- Sell gold with target around $1100 and stop around $1200.
- Gold is currently trading at $1155/troy ounce. Immediate support lies at $1150 and resistance at $1173, $1190 area.
Silver -
- Silver is facing resistance around $15.7 area. Today's range $15.5-15.2
- Silver is likely to drop as low as $14
- Silver is currently trading at $15.3/troy ounce. Support lies at $14 & resistance at $16
Copper -
- Copper might give larger upside correction if support around $2.5 holds. Copper is trading in small range today. Today's range $2.55-2.5
- Next target is around $2.24, however bounce back might stretch towards $2.7/mmbtu.
- Copper is currently trading at $2.53/pound, immediate support lies at $2.5, $2.2 & resistance at $2.65.
|
Gold |
-0.69% |
|
Silver |
-1.22% |
|
Copper |
-0.35% |


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