Bhar pointed out-The rally came amid inflows into gold-backed exchange-traded funds, Furthermore, he continued, there has been a pickup in gold purchases by central banks, including Hungary, Poland, India, Turkey, and Mongolia, in addition to regular gold buyers Russia and Kazakhstan.
most fund managers, investors, and traders including me are cautiously (although I am still very not because we have bias towards our short existing position but because of numerous evidence that suggests us that precious metals still has a lot more downside potential before it will start a significant rally), Money managers still hold a large net position in gold futures . our upcoming analysis will list the factors that could limit the upside in near term-
we understand that the rising US dollar will be negative for precious metals sector and did you noticed USD index moved and closed above the neckline of its inverse head and shoulder pattern-This could be important as we could witness a breakout very soon which will eventually drag precious metals prices down
To prepare for an epic buying opportunity in gold and silver in 2019, consider learning more about our premium service as we believe The upcoming move in PM sector seems to be extremely but before that happens it's very critical to understand that gold 0.07% and silver -0.20% didn't reach their potential bottom yet, those who will miss it will regret it for coming months and years so I hope you guys have positioned yourself and risked enough from which you'll be able to generate substantial profits