Today’s space race could turn fatal if we don’t agree on new rules 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
 - EconoTimes)
Metal pack is trading in green today. Performance this week at a glance in chart & table -
Gold -
- Gold is marginally up from support around $1100 area. Today's range - $1115-$1103
- Sell gold with target around $1070 area and stop around $1150 area.
- Gold is currently trading at $1111/troy ounce. Immediate support lies at $1090 and resistance at $1125 area.
Silver -
- Silver is keeping on finding support around $14.5 area. Today's range $14.87-14.55
- Silver is currently trading at $14.7/troy ounce. Support lies at $14 & resistance at $16.
Copper -
- Copper is best performer this week, over Gencore mine shut news leading to large amount of short covering. Today's range $2.42-2.47.
- Active call -Buy Copper @ $2.44 with targets at $2.55, $2.65, $2.75 and stop loss around $2.24/pound.
- Copper is currently trading at $2.46/pound, immediate support lies at, $2.24, 2.29 & resistance at $2.45.
|
Gold |
-0.89% |
|
Silver |
+1.09% |
|
Copper |
+6.22% |
