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Metals failed to gain ground over weaker Dollar. Performance this week at a glance in chart & table -
Gold -
- Gold found support around $1080 once more, however failed to clear above $1100 area. Today's range - $1099-$1082.
- Gold is likely to range trade with downside bias, however a sustained push below $1050 seems unlikely.
- Gold is currently trading at $1094/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.
Silver -
- Silver is much better performer than gold today, however silver is struggling to clear resistance around $15 area. Today's range $15.03-14.6
- Silver is currently trading at $14.94/troy ounce. Support lies at $14 & resistance at $16. $15 is likely to pose interim resistance.
Copper -
- Copper dropped further towards $2.3 area, $2.35 is posing as resistance. Today's range $2.35-2.31.
- Next target is around $2.24.
- Copper is currently trading at $2.33/pound, immediate support lies at, $2.2 & resistance at $2.65.
|
Gold |
-0.09% |
|
Silver |
+1.29% |
|
Copper |
-0.85% |
