JUNE 19 THURSDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 24120 TO 24870
LONG TERM TREND : BULLISH ; TARGET RS 26800
S1 RS 24120,S2 RS 23860,S3 RS 23720
R1 RS 24620,R2 RS 24870,R3 RS 25040
PREFER INTRADAY LONGS AT RS 24180 TO 24160
STOP LOSS RS 23860
TARGET RS 24620
Gold and silver rose on speculation that a slowing
U.S. economy will prevent the Federal Reserve from
raising borrowing costs, boosting the appeal of
precious metals as alternative investments to the dollar.
Silver futures for July delivery rose 18.5 cents, or
1.1 percent, to $17.26 an ounce. Before today, the
price advanced 14 percent this year, while gold
climbed 5.8 percent.
Silver has climbed 2.4 percent in the past week. A drop to
$16 or a rally above $18.20 will attract buyers .
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