With the current crisis escalation in a global scale for the first time in history encouraging people to stay at home which reverse the whole society mechanism that bring invincible negative chain reaction across businesses. We have not seen the worse yet, many of the global companies such as most major airliner, Boeing and oil producer has only 3-4 months of cashflow, if this pandemic continue for extended amount of time, we will be seeing airline and oil producer filing for bankruptcy around June. OPEC will have to cut more oil barrel in order to bring up crude oil price however even if it hit $50 per barrel it is still not enough to profit.
Conclusion, Technical and fundamental is pointing Gold upward.
PS: I need reps points so that I can continue to share with you my thoughts.
Conclusion, Technical and fundamental is pointing Gold upward.
PS: I need reps points so that I can continue to share with you my thoughts.