Traveling through the Dark Analysis

OANDA:XAUUSD   Gold Spot / U.S. Dollar
The Dow Jones Industrial Average closed above 27,000 for the first time ever on Thursday and At the moment we are witnissing the longest expansion in the U.S.The 30-stock average broke above 27,000 for the first time in its history, rising 227.88 points, or 0.9% to 27,088.08. The Dow first closed above 26,000 in January of 2018, so it’s been a little more than a year-and-half trek between 1,000 point moves. The gains were largely driven by expectations the Fed will cut rates, insulating the market from a slowing economy and a trade battle with China. However, there are some alarming signs coming which you need to closely look at.

US manufacturing activity last month fell to its lowest level in nearly three years — well below the pace when President Donald Trump took office — another warning sign for the world’s largest economy as it marks the longest expansion on record.

The manufacturing slowdown was driven by weakening demand for US-made goods, with factories reluctant to produce stock they may not be able to sell, according to the Institute for Supply Management’s monthly survey.

JPMorgan’s Global Manufacturing PMI fell to its lowest level for over six-and-a-half years and posted back-to-back sub-50.0 readings for the first time since the second half of 2012.

The small business sector leads the cycle and employment here has plunged 61k in the past two months. Haven’t seen this in over 9 years; same decline we saw in Feb-March of 2008 when the consensus was busy calling for a soft landing.

Fashion accessory retailer Charming Charlie will close all its stores after going bankrupt for the second time in less than two years. More than 3,000 full- and part-time employees could lose their jobs.

Charming Charlie Holdings Inc. filed for Chapter 11 protection in Delaware with plans for going-out-of-business sales at about 261 stores, according to court documents. The chain expects the liquidation to take about two months.

Something happened in the bond market last week that has occurred before five of the past six major market meltdowns.

The yield on the benchmark 30-year US Treasury bond — the lesser-known but still important fixed income cousin to the 10-year — briefly dipped below 2.5%. In other words, the 30-year was yielding less than the Federal Reserve’s short-term federal funds rate.

In my 11 years in the business, I have never been more uncertain however we can surely suggest you that if you have invested in the stock market you'll need to exit as soon as possible because things can get pretty ugly soon. we try to look the picture of the precious metal sector from a technical side we could easily see that if gold breaks above $1422 then the next critical resistance stands at $1473 and after that vapor until $1,600.

Current active position

Asset: XAUUSD ( GOLD )

Sell Stop Entry Price:1415

Take Profit: 1160

Stop Loss:1480(we will reduce the stop loss points once positions will be more favorable)

Risk/Reward: 1:4

Current active position

Asset: XAGUSD ( Silver )

Sell Stop Entry Price:15.000

Take Profit: 14.00

Stop Loss:15.60(we will reduce the stop loss points once positions will be more favorable)

Risk/Reward: 1:2
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