OANDA:XAUUSD   Gold Spot / U.S. Dollar
UPDATE-At the moment only two positions are active for gold as we have already pulled all the profits our from our silver trade.

Precious metals market is trading sharply lower today.we are informing you from months that there is much more room for DXY to move higher from current levels and today's decline is mainly caused by a rebound which we have witnessed in the U.S dollar index . There are several reports coming out which suggest that world economic growth is slowing down and raising more rates from the world central bank is unlikely, reports also suggest that even easing monetary policies is also a possibility. You also need to understand that the perception of market participants is not constant towards economic data and keeps changing.

You also need to read our previous comment on yield Inversion-The 10-year U.S. Treasury yield fell further, having fallen below the yield for three-month bills on Friday for the first time since 2007, inverting the yield curve. An inversion is widely seen as indicating an economic recession.we have also witnessed German government auctioned it's 10-year note today and the reported yield was -0.05%, we saw the first negative yield by German government bonds since 2016. However, it's also important to keep in mind that Yield curve inversion isn't the best sign of a looming recession because while inversion is an indication of troubled credit markets, it isn't a timing tool. Stocks can rise-and the economy grow-for many months while the curve is inverted.

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