Our forecast on 13th August about Gold (to touch the high of $1625) turned out to be correct.
Moreover, Gold also touched the low of $1607.
Crude Oil traded in the range between 92.10 & 94.00 as predicted.
EUR/USD also reached the higher level of 1.2370 and lower level of 1.2230.
On 14th August, the market is expected to be bearish with volatility for “Bullion, Metals & Stocks”.
Due to Saturn-Mars conjunction, sharp fall possible on 14-15th August 2012.
Please note that the sharp fall is likely to happen in evening session (INDIAN STANDARD TIME) which shall continue till night.
Trading Range For Global Cues, Bullion, Oil and Currency –
GOLD: 1615-1605 -1590
SILVER: 28.10-27.50 and below
CRUDE OIL: 93.70-92.20 and below
S&P500: 1405-1390 and below
Dollar Index: 82.20-82.80-83.25 and above
Nifty: 5370-5320 and below
ALERT: DOLLAR TO BE STRONG AGAINST OTHER CURRENCIES
(Updated at 23.25 HRS IST, 13 August 2012 – Indore (India)))
Courtesy: Rajeev Prakash, Director of MAA ASTRO DUNIYA PRIVATE LIMITED.