Comex gold futures finished a choppy Friday with modest gains, when early selling sparked by the dollar's renewed advance on the euro later gave way to short cover buying at the lows especially as inflationary and middle east concerns took the focus. Gold prices fell 3% pressured by the dollar's rise to three and half month’s highs against the euro Gold was able to push into positive territory despite the
dollar's gains on the euro, as the US. currency headed for its best weekly gain since April.

Inflationary implications of oil’s rally also helped gold prices turn higher.

US gold is sustaining above 1100 $ and did closing above that. In the next week chances for gold is probably in between the range of 1080 to 1147, and if it breaks 1080 one should go for sell on higher level otherwise traders can follow buy on dips strategy.
Major support for Comex gold in the coming week would be 1094 and 1080
Major resistance for Comex gold in the coming week would be 1047 and 1070
Major support in MCX gold is 16500 and 16200
Major resistance in MCX gold is 17285 and 17685

Copper
Copper held a firmer tone in late business on Friday, as outside market supports enabled prices to recover from earlier dollar-related losses, with the threat of a strike in Chile and the likelihood of stronger demand adding to positive sentiment. Copper prices have more than doubled this year on the back of hefty buying by top consumer china, which has been absent from the market in recent months, but that slack is expected to be taken up by the united states and other oecd countries
Comex copper has broken its crucial level of 296 and sustaining above this level from the last month. The overall trend of copper is up if it does not breaks that level one can go for buy on dips in the short term.
Comex copper will be in range in the coming week between 300 and 330. a slight correction can be seen below 300. Major support for Comex gold in the coming week would be 1094 and 1080

Major support for Comex copper in the coming week would be 308 and 296
Major resistance for Comex copper in the coming week would be 321 and 330
Major support in MCX copper is 316 and 307
Major resistance in MCX copper is 330 and 341


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