We are Emotionally detached from our existing positions,are you?

We witnessed a big rebound in crude oil prices and a slight weakening in U.S. Dollar index today-one more factor which contributes to this short-term corrective upswing rally in precious metals is U.S Existing Home sales rise but despite the better than expected data graph of home sales have been in a large decline over the beginning of this year and overall demand is being cut off by higher interest rates-To see a sustainable growth in the housing market we need to see the fed cutting or pausing the interest rates hike which will ultimately drive the precious metals prices higher but as we already know fed rate hike seems not to stop very soon-Markets are expecting fed to raise rates in December and two another rates hikes next year, however, this expectation has been cut in half as previously market expectation was four rate hikes in the next year,Negative sentiment can also be seen in futures markets as bearish speculative positioning continues to dominate the precious metals

Technically-It seems that the Recent price action which we witnessed in yellow and white metal is nothing but a short-term corrective upswing which will end very soon,the gold and silver bears are still dominating the market in the long and medium term-In our opinion, we believe that the quietness we are witnessing could be a major catalyst for the next major breakdown(final breakdown) from where the real fall in P. Ms 2.40% 0.63% prices will start which we are waiting for and then you would be able to see the end of this Boring sideways movement

Active Trading position details-Two long-term and Two short term position is active in gold 0.44% 0.23% and Silver