Metals are trading in green post-employment cost data. Performance this week at a glance in chart & table - Gold - Gold jumped back but was rejected at $1100 mark again and finding bids around $1080 mark. Today's range -…
Metals are trading in green post-employment cost data. Performance this week at a glance in chart & table -
Gold -
Gold jumped back but was rejected at $1100 mark again and finding bids around $1080 mark. Today's range - $1103-$1080.
Gold is likely to trade with downside bias, however a sustained push below $1050 is unlikely
Gold is currently trading at $1096/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.
Silver -
Silver is better performer than gold this week, however was rejected at $15 resistance area once again today. Today's range $15-14.55
Silver is currently trading at $14.84/troy ounce. Support lies at $14 & resistance at $16. $15 is likely to pose interim resistance, whereas $14.5 remains interim support.
Copper -
Copper is treading water around $2.35 area. Today's range $2.42-2.35.
Next target is around $2.24.
Copper is currently trading at $2.37/pound, immediate support lies at, $2.2 & resistance at $2.65.
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