Yesterday, our advance forecast at commodityonline.com turned out to be right for sharp fall in Gold, Silver, Crude Oil during evening session.Crude Oil fell by $3/bbl in a single day.
Moreover, we had advised to be bullish on cardamom, which closed in upper circuit. This remarks the high accuracy of astrology in predicting the volatile market.
Mentha Oil also closed in bullish range.
Overall, the traders who must have read our article yesterday must have made money.
Today, 1st August 2012 (Wednesday)- some recovery is seen from lower levels in bullion. But again a sharp fall is seen from evening.
And weakness to continue in crude.
Tomorrow too, the fall is supposed to continue in bullion. Copper is also weak for today and tomorrow with volatility.
On Friday, again some recovery to be seen in bullion during day time. And then on wards a bearish trend is forecasted for evening.
Coming Monday (6th August 2012) is supposed to be positive for bullion and oil.
Trading Range for 1-2 August 2012:
Gold: 1626-1580-1560 and below.
Silver: 28.10-26.80 and below.
Crude Oil: 89.00-86.00 and below.
EUR/USD: 1.2332-1.2200-1.2180.
USD/INR: 55.70-56.50.
DOLLAR INDEX: 82.72-83.30-83.50
[POSITIONAL VIEW]
Alert: A highly bullish trend is seen in Gold and Silver between 19th and 24th August 2012. My positional view is that if you buy bullion in dips before 17th August and hold it for the end of the year. Gold will definitely cross $1750/Oz and Silver will cross $35/Oz. This bullishness with a bit of volatility will continue till June 2013. From January 2013, the intensity of bullishness will increase. Gold can touch $1850-2000/Oz and Silver can cross $48-60 /Oz in 2013.
*-The positional advice is for investors and not intraday traders because a bit of volatility is possible which will be detailed later on.
For further details, please visit astrodunia.com and rajeevprakash.com.
Rajeev Prakash Agarwal is the Director of MAA ASTRO DUNIYA PRIVATE LIMTIED, an astrology based firm that provides tips for investment in stock and commodity market.
we only provide a summary for free. There is no provision of trial. If you wish to understand the complete performance, you are requested to contact us by phone or e-mail.