AUG 8 FRIDAY
SHORT TERM TREND : BEARISH: TARGET RS 22430
LONG TERM TREND : BULLISH : TARGET RS 29000
S1 RS 22660, S2 RS 22430, S3 RS 22240
R1 RS 22980, R2 RS 23160, R3 RS 23320
PREFER SHORT AT RS 22840 TO 22860
STOP LOSS RS 23160
TARGET RS 22430
Silver slipped to $16.18/16.25 an ounce from its
previous finish of$16.51/16.57.
Gold ended lower on Thursday as the dollar rebounded against
the euro after a surprise rise in June U.S. home sales and
comments by European Central Bank President Jean-Claude
Trichet.
The U.S. dollar rose to a 5-1/2-month high against a basket
of currencies and a seven-week peak versus the euro,
bolstered by a surprise rise in June home sales and
diminished expectations for euro-zone interest rate
increases.
Oil, the other main external driver of gold, ended $1.44 higher at
$120.02 a barrel, recovering from three-month lows.
2 comments:
to whom evr it may concern dear frd who evr is predicting here on silver i m struck in wid holding 2 lots(60kg) silver at d prices 24,650 &24,200 and since thn its falling so plsss advice me wht to do as i m holding my current positions so pls guide me as whts the future fr me???????? (waliaamit2003@yahoo.co.in)
Very sorry for belated response.
If you are still holding your silver long positions and pice today is about 19700 , it is better to hold position if you are MTM(mark to mark) permits .
keep in touch if any further levels required.
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