Metals snapped back losses after speech from FED governor Janet Yellen. Performance this week at a glance in chart & table - Gold - Gold has snapped back well after falling to the lower range of support in intraday last …
Metals snapped back losses after speech from FED governor Janet Yellen. Performance this week at a glance in chart & table -
Gold - Gold has snapped back well after falling to the lower range of support in intraday last night. It recovered well after the fall over the comments of Janet Yellen. Bulls continue to fight off the bears at rising support channel. Immediate support lies at 1190 & resistance at 1224.
Silver - For the short term bears have taken control since prices fail at resistance 18.7. It's currently at $16.52/troy ounce. Support lies at 15.5 & resistance at 17.6. Comments from Janet Yellen remain at focus.
Copper - The opening of Chinese markets have brought back the volatility in the copper market. Copper got boost from positive Chinese PMI (50.1) data.The price bounced sharply from interim support of 2.57 but failed to decisively break above resistance. The copper is trading at $ 2.63/pound. Immediate support lies at 2.53 & resistance at 2.65.
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