MCX SILVER
major trend change time near 12:18, 1:26, 2:18, 4:06, 5:34, 6:51,
8:34, 10:39.. today silver maybe bullish after volatile trend. this
is Technical based prediction.
MCX Gold
can slide more than 18-20% from present level compared to prev
expectations of 15%. The much better US economic data is the prime
reason.
US Durable goods orders in Aug is up by 13.6% from
July level on not-seasonally adjusted basis, much better than
expected. US GDP up by 1.3% in Q2 compared to prev estimates of 1%.
Also, looking at jobless claims data which is down by 28000 on not
seasonally adjusted basis, continuous 9 month decline, we can clearly
say that US economy getting better & trouble for Gold comes in.
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