Market View for 3rd August 2012

Today (3rd August 2012- Friday)- Again my forecast maintains it’s accuracy about EUR/USD!
My advance target of 1.2180 was achieved yesterday. Gold – 1584, Silver – 27, Crude – 87.25 were successfully achieved.

Today, the market is highly volatile but you could buy on dips. Next week, market is highly bullish.
Gold can go up to 1640-1650. Similarly, silver can go to 28.50-29.50 can touch 30 also.
Crude Oil can go 90-91 in next week.
Brent Crude can go to 110 and above.
Copper can go next week to $348 and above.
Nickel also bullish in next week.
[NEXT WEEK PRICE]
In Indian price (MCX), again Gold to go above 30,300. Silver to go above 54,200-55,000. Crude Oil can go to 5020 – 5150. Copper can go to 424 – 427.
Nickel can go up to 898-905.
USD/INR (Spot) to go down to 55.40 – 55.20 next week.
EUR/USD to reach 1.2280-1.2330.

TRADING RANGE:

DOLLAR INDEX : 83.82-82.50-82.25

S&P:1350-1380

Please use following stoploss: 29,900 for Gold, 52500 for Silver & 4850 for Crude, 410 for Copper, 860 for Nickel.
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