Market Report: Gold and Silver Volatility on 28th August 2012

Market Report: Gold and Silver Volatility on 28th August 2012

Today, Gold and Silver are experiencing high levels of volatility. For positional investors seeking long positions, it’s advisable to wait until late on 29th August 2012 (IST) before making any moves. Buying on dips is a recommended strategy.

In yesterday’s newsletter, we accurately forecasted potential lows for Gold around 1645 and Silver around 29.50. These are the anticipated lows we expect. The strategy of buying on dips remains prudent, even for Thursday and Friday.

Trading Range of the Market:

• GOLD: 1655-1680
• SILVER: 30.50-31.20
• CRUDE OIL: 94.20-96.50
• DOLLAR INDEX: 81.80-81.30
• EUR/USD: 1.2450-1.2540
• COPPER: 345-355
• (SPOT) NIFTY: 5350-5420
• (SPOT) USD/INR: 56.00-55.20
• S&P 500: 1407-1420

Please note that this report serves as an indication only and does not constitute live trading calls.

Our specialty is ‘LIVE TRADING CALLS’. Contact us to add the advantage of financial astrology to your portfolio.

(Updated on 14th August 2012)

Courtesy: Rajeev Prakash, Director of MAA ASTRO DUNIYA PRIVATE LIMITED.

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Rajeev Prakash is the founder and CEO of AstroDunia. He is a financial astrologer with over 20 years of experience. Shashi Prakash Agarwal is an experienced market timing expert with 12 years of experience in the field. He holds an MBA in Finance from NMIMS Mumbai and an engineering degree in Computer Science. This unique combination of education and experience gives him a unique perspective on financial markets, as well as the ability to analyze market data using advanced computational tools and techniques. Throughout his career, he has demonstrated a deep understanding of financial markets, with a proven track record of success in his field.

Prakash is a leading expert on the use of astrology to predict market movements. He has written several books on the subject, and he is a frequent speaker at financial conferences. Prakash is also a regular contributor to financial publications.