Morning BriefingGold (1244) and Silver (16.53) are going nowhere as they keep trading in the narrow range of 1233-1248 and 15.93-16.77 respectively. Global cues are not in favor of gold and silver too as the break above 99.70 for Dollar Index (97.13) could be resulted further losses for bullion. If 1233 for gold and 16.45 for silver fail to hold for the current week then gradual selling for the target of 1195 and 15.93 can’t be ruled as seller will take every bounce as a further opportunity for selling.
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SHRI MURLI SARAF
Shyam Group of Companies
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June Monthly Forecast
Our June-17 Monthly forecast is now available. To order a PAID copy, please click here and take a trial of our service.
June Calendar Wallpaper
As mentioned in the print calendar in January that we would be at crossroads by mid-2017, we are now standing at a crucial inflection point. Now, it is to be seen if the bounce extends past 72.50 or the major downtrend from 86.50 (C ) resumes. This is important to watch, as it could impact Dollar-Rupee as well.here
Euro Longterm Forecast
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