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 - EconoTimes)
Metals are trading in red today. Performance this week at a glance in chart & table -
Gold -
- Gold dropped sharply after facing resistance around $1160 area. Stronger dollar today, pushed prices down Today's range - $1157-$1143
- Gold is likely to drop towards $1100.
- Gold is currently trading at $1145/troy ounce. Immediate support lies at $1150 and resistance at $1173, $1190 area.
Silver -
- Silver dropped to $15 area after facing resistance around $15.7 area. Today's range $15.4-15
- Silver is likely to drop as low as $14
- Silver is currently trading at $15.07/troy ounce. Support lies at $14 & resistance at $16
Copper -
- Copper is relatively better performer today, might give larger upside correction if support around $2.5 holds. Today's range $2.57-2.51
- Next target is around $2.24, however bounce back might stretch towards $2.7/mmbtu.
- Copper is currently trading at $2.52/pound, immediate support lies at $2.5, $2.2 & resistance at $2.65.
|
Gold |
-1.55% |
|
Silver |
-3.02% |
|
Copper |
-0.75% |
