when we joined this public platform one year ago by other account and predicted the gold fall from 1358 to 1150 and silver from 15.80 to 13$-some people called us crazy,delusional or some even abused us after that when we closed our position at 1260 people thought it was just a luck factor-it took three-four more trades to make them convinced that we really know what we are talking about obviously no one can be right every time in the business but having 11 years of experience only in gold and silver definitely gives you an edge-so now these people ask me do I have any insider information? lol, I don't know if we make any change by coming in this platform but two things are clear-people perception has been changed and second if you followed us you should have made a significant amount of profit.
Fundamentals-U.S Dollar strength which we predicted before the midterm election is putting immense pressure on the precious metal sector. The Yuan, The euro along with the cable all are suffering by the strength of the greenback,we believe behind this immense strength of dollar which we are witnessing is majorly caused by the Hawkish outlook from the federal reserve at last week meeting,strong PPI number also contributed to the strength,we are waiting for the CPI inflation read which will come out Wednesday
Technicals-we believes buyers should be very cautious at this point as we believe 1200 level will be easily broken and there is not much support until 1180. Gold likely will not be able to support around its psychological level if the U.S Dollar keeps rising and there are numerous factors which are suggesting the future dollar strenth-The declined started in Asia-pacific trade after it went below the 100 days moving average at last week
overall it seems that our long-term position in gold and silver will be much highly profitable in coming weeks-we are very bearish for the precious metal sector and we think the downfall has just been started
Fundamentals-U.S Dollar strength which we predicted before the midterm election is putting immense pressure on the precious metal sector. The Yuan, The euro along with the cable all are suffering by the strength of the greenback,we believe behind this immense strength of dollar which we are witnessing is majorly caused by the Hawkish outlook from the federal reserve at last week meeting,strong PPI number also contributed to the strength,we are waiting for the CPI inflation read which will come out Wednesday
Technicals-we believes buyers should be very cautious at this point as we believe 1200 level will be easily broken and there is not much support until 1180. Gold likely will not be able to support around its psychological level if the U.S Dollar keeps rising and there are numerous factors which are suggesting the future dollar strenth-The declined started in Asia-pacific trade after it went below the 100 days moving average at last week
overall it seems that our long-term position in gold and silver will be much highly profitable in coming weeks-we are very bearish for the precious metal sector and we think the downfall has just been started
