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Metals, especially precious pack heavily down today. Performance this week at a glance in chart & table -
Gold -
- Gold dropped to lowest in 5 years as dollar gained ground. Today's range - $1135-$1085
- Gold target is reached to the downside. Profit booking suggested and wait for further cues.
- Gold is currently trading at $1109/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.
Silver -
- Silver dropped but way better performer than gold. Today's range $15.02-14.53
- Silver is likely to drop as low as $14
- Silver is currently trading at $14.93/troy ounce. Support lies at $14 & resistance at $16
Copper -
- Copper isn't much if a mover today. Today's range $2.5-2.46
- Next target is around $2.24.
- Copper is currently trading at $2.49/pound, immediate support lies at, $2.2 & resistance at $2.65.
|
Gold |
-2.20% |
|
Silver |
+0.61% |
|
Copper |
-0.08% |
