Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
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Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
 - EconoTimes)
Metal pack is trading in red today. Performance this week at a glance in chart & table -
Gold -
- Gold traded below $1100 area, however still finding bids in that region. Today's range - $1113-$1098
- Sell gold with target around $1070 area and stop around $1150 area.
- Gold is currently trading at $1103/troy ounce. Immediate support lies at $1090 and resistance at $1125 area.
Silver -
- Silver bulls finally gave up $14.5 area under heavy selling pressure. Today's range $14.77-14.29
- Silver is currently trading at $14.5/troy ounce. Support lies at $14 & resistance at $16.
Copper -
- Copper is hovering just above key resistance of $2.43, struggling to break free of $2.5/pound, psychological support area. 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 $2.45/pound, immediate support lies at, $2.24, 2.29 & resistance at $2.45.
|
Gold |
-1.61% |
|
Silver |
-0.28% |
|
Copper |
+5.79% |
