Update-only two positions are active for gold (Running in large profits).
At the time of publishing this report gold is trading at $1272 per ounce however the white metal is hovering around $15.The U.S. dollar index has made a slight correction after hitting a new high for the year 2019 however this slight pullback is rarely noticeable and obvious. Asian and European stock indexes were mixed overnight however U.S stock index prices keep moving higher and not far below from their all-time highs. The important news which came out last week could have a significant impact for the precious metal sector and may work in the favor of bulls.we have seen more rising tensions between the U.S and Iran under the U.S. trump administration and now The U.S. decided to restrict permission it had granted to some countries that imported Iranian crude oil . A further, significant deterioration in this situation would likely find better safe-haven demand for gold and silver markets. Oil prices traded higher on the news.overall we believe the boring price movement which we have witnessed from weeks in the precious metal sector has already ended and the serious technical damage in P. Ms charts has already inflicted however the next breakdown could be more severe enough.