Metals are trading marginally down today. Performance this week at a glance in chart & table - Gold - Gold was resisted around $1100 once again today. Today's range - $1098-$1091. Gold is likely to range trade with downs…
Metals are trading marginally down today. Performance this week at a glance in chart & table -
Gold -
Gold was resisted around $1100 once again today. Today's range - $1098-$1091.
Gold is likely to range trade with downside bias, however a sustained push below $1050 seems unlikely.
Gold is currently trading at $1091/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.
Silver -
Silver is much worse performer than gold today, Today's range $14.78-14.60
Silver is currently trading at $14.60/troy ounce. Support lies at $14 & resistance at $16. $15 is likely to pose interim resistance, whereas $14.5 remains interim support.
Copper -
Copper dropped in early Asian trade as Chinese PMI dropped further to downside. Today's range $2.36-2.32.
Next target is around $2.24.
Copper is currently trading at $2.35/pound, immediate support lies at, $2.2 & resistance at $2.65.
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