OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold and silver prices are trading solidly lower today after hitting there two weeks high on Wednesday where gold reached $1312 per ounce and the white metal climbed to $15.50. we already outlined in our previous report about the possibility of the yellow metal to reach up to $1310 and also informed you that the move won't surprise us now it seems that the unsurprising part has already been over. A stronger U.S. dollar index on this day is also working in favor of the metals market bears. The Brexit role will be featured in our next report.

Yesterday The U.S producer price index report for February gets released which came in at up 0.1% from January. The PPI report of 0.2% mom and CPI report also helped to increase U.S treasury numbers.

As a Goldsilver analyst trading and investing in P. Ms from over a decade we believe The market sentiment is one of the many strong indicator which no professional should overlook.we have mentioned this in our analysis numerous times that in order to protect yourself from the herd mentality you need to do the opposite whenever the extreme sentiment surfaces in market or the other safe option is to just wait for prices to confirm your bias either by breaking out to the upside or to the downside as it's really hard or nearly impossible to predict the top whenever a parabolic move came in any asset class but we do know that all parabolic move ends with the same result. Most investors believe that the market tops when people sell but it's just the opposite because sellers always exist in the market no matter how strong the bulls are instead market finds a top when buyers run out of money, when there are no buyers left in the market then the exhaustion phase enter into the market. In other words, whenever Bulls and bears sentiment reached to there extreme aka everyone is bullish or bearish we often see a top or bottom in the market. However, you need to keep in mind that this is just a small part of the bigger puzzle-There are numerous reasons involved behind our bearish sentiment towards precious metal market including the 3-page long term fundamental report.
maybe or maybe not ;)
@AmrNabulsi, More probable or less probable seems more good in trading
AmrNabulsi GoldSilverAnalyst
@GoldSilverAnalyst, I think its gone go long my friend lets just see
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out