There is one question which still haunts us which is -what if?

At the time of publishing this report one may say that our ongoing positions in gold and silver seems not favorable at all and we surely can't argue on that because that's really the case-precious metal market has really disappointed us from the last month-The top three drivers for yellow metal this week have been the volatile stock market,weaker greenback and federal reserve which drove the gold prices to the highest level since july.we beleive the strongest factor which played the cruical role which drove the P. Ms this high was the expectation of lower rate hikes in 2019 by the market as we have witnessed more soften voice in the fed which seemed more dovish than before-now more analyst are expecting only two rate hikes next year instead of three which supported the gold and silver prices.we also know that S&P 500 has already erased it's this year gains and due to the multiple factors blend together including weak equity market we saw gold prices to touch almost $1267 level.

Technical analysis and our plan for the future

Gold is likely to head lower next week and it seems big surge is not likely from this point, on the other hand, our eyes will be on the yearly close level for the yellow metal because that will clear the big picture even more. Gold has been pushed back from the $1266 level where the July 2018, March 2017 and March 2016 resistance sits at, on the other side we are well prepared for the worst(if our stop loss will reach) and one should be before entering any position in the market because even after having decades of experience there is and there will be one question which will bother us which is -what if?
Our outlook for the precious metal sector is still very bearish for the mid and long-term