Trading strategies for copper and zinc by Tradebulls Securities

Gold

Gold prices is trading around $1,800; the US Fed’s testimony did not affect gold prices. The testimony was along the expected line. Gold needs to break above 47,000 in MCX for bulls to gain some control. In COMEX, gold is still trading below 200 DMA, maintaining a bearish demeanor. On the positive side is the fact that last week's low of $1,760 per ounce not only held but was followed by strong bullish market sentiment taking gold pricing back above $1,800 per ounce. Right now, we expect market to consolidate in narrow range.

Silver

Silver prices are trading under $28. Technical indicators