FxWirePro: Short term trends, key supports/resistances and trend changing levels of metals

In this article, we would discuss short-term trends, key support resistances, and the key trend (short-term) changing levels of the metals based on one of our models. We expect these sets of information to come in handy to our readers,

• Gold:

Gold has been in a bull trend since it cleared the resistance hurdle around $1220 per troy ounce area. The current trend changing level is around $1230 per troy ounce. The key resistance lays close around $1257 from the current price. Next key resistance is around $1300 per troy ounce area. The most crucial support level lies around $1190 area. The gold is currently trading at $1250 per troy ounce.

• Silver:

Silver has been in a bull trend since it cleared the resistance hurdle around $17.5 per troy ounce area, which is also the current trend changing level. The key resistance lays around $18.4 per troy ounce. The most crucial support level lies around $16.8 area. The silver is currently trading at $18.1 per troy ounce.

• Copper:

Copper is in a short-term bear trend but also showing some signs of consolidation. The key support is around $2.6 per pound but the most crucial support is around $2.47 per pound area. The trend changing level is around $2.78 per pound. Key resistance is around $2.72 per pound area. The copper is currently trading at $2.66 per pound.