Metals Analysis – Daily Analysis
Metals Analysis
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Gold
Live Price: $3653.48000
- Supports: 3598.67780, 3562.14300, 3507.34080
- Resistances: 3708.28220, 3763.08440, 3836.15400
- Entry: Long 3616.94520, Short 3690.01480
- Stops: L 3543.87560, S 3763.08440
‘Risk management’ cuts usually come in pairs, says Goldman economist – The fact that Fed Chair Jerome Powell classified the rate cut made on Wednesday as one for “risk management” is a clue the central bank will cut again in October, an economist at Goldman Sachs says.
Silver
Live Price: $42.13270
- Supports: 41.50071, 41.07938, 40.44739
- Resistances: 42.76469, 43.39668, 44.23934
- Entry: Long 41.71137, Short 42.55403
- Stops: L 40.86872, S 43.39668
Don’t let gold’s record run distract you from silver’s ‘explosive potential’ right now – As gold prices have climbed to new records, silver has emerged from the shadows — outshining the yellow metal with its own gain and reaching its highest price in 14 years.
Oil ETF (USO)
Data unavailable