Insignia Consultants
New Delhi
Friday, June 14, 2019
TIME 9:21 AM
IST
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GOLD REPORT
Gold and silver are
bullish at the moment. The
attack on crude oil tankers of the Gulf of Oman is bullish for gold and silver.
Even a pinch of an indication of an armed attack on Iran can result in gold
prices rising to $1500 and $1700. Trade war issues, central bank buying are all
here to stay. Russia-China moving away from the US dollar in bilateral trade
will also support gold. The pace of rise is in question and not the actual
rise. Most traders and investors are short minded and invest like a poker game.
Think like a Buffet or a Rakesh Jhunhunwala (buffet of India) and then invest.
MCX Gold August 2019: (previous day close/CMP Rs.33073)
o Key resistance is at 33143. A break
of 33143 will result in 33271 and 33375.
o Gold needs to trade over 32936 to be
in intraday bullish zone.
Disclaimer: Any opinions as to the commentary, market
information, and future direction of prices of specific currencies, metals and
commodities reflect the views of the individual analyst, In no event shall
Insignia Consultants or its employees
have any liability for any losses incurred in connection with any
decision made, action or inaction taken by any party in reliance upon the
information provided in this material; or in any delays, inaccuracies, errors
in, or omissions of Information. Nothing in this article is, or should be
construed as, investment advice. All analyses used herein are subjective
opinions of the author and should not be considered as specific investment
advice. Investors/Traders must consider all relevant risk factors including
their own personal financial situation before trading.Website www.insigniaconsultants.in.
Prepared by Chintan Karnani
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NOTES TO THE ABOVE
REPORT
ALL VIEWS ARE INTRADAY
UNLESS OTHERWISE SPECIFIED
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY
CLOSING BASISPLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORT THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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