Fatma_Alhrbi

Gold XAUUSD Will it deposit 1700$ levels quickly

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold XAUUSD Will it deposit 1700$ levels quickly and we meet 2000$

Before the outbreak of the Coronavirus, and before the emergence of the map of injuries, deaths, and recovery before the upcoming meeting between China and the United States of America, the gold was between 1485-1511, and there were future expectations that the safe haven ear would reach levels far from reality.
Someone said that # gold will reach $ 2,000 an ounce.
The precious metal was at 1559 after Trump's threats to Iran and after the trade agreement between China and the states was postponed
Everyone wager that the gold would drop when the shelling was struck and struck, the first of which was Soleimani’s death and the bombing of the bases in Iraq. He appointed the gold lion that penetrated 1,600 and a new level of gold was created. What will happen and we expect ..

The first point
It was said (the World Bank expects gold to rise to 15%)
The reason is the Corona virus and its negative impact on the global economy.
The second point
(Bank Of America, which is one of the largest banks in the United States and the second largest in the states by market value - it was said that gold would rise to $ 3,000 within 18 months)
This is the point that everyone will be against and the reason is that who imagines gold to $ 3,000 and he has not visited $ 2000
The basic scenario of Bank Of America includes that the movements of central banks would increase pressure on # currencies, thus the average price of gold may reach $ 1695 in the current year 2020 AD to about $ 2063 an ounce in 2021 AD, on the other hand, the American Bank warned of slowing demand for Gold in (China and India) would be negatively affected by gold movements, but this senator may be (difficult) given the possibility of boosting demand for safe haven by investors.
The third point
Senate Majority Leader Mitch McConnell stressed that he prefers to use the bankruptcy path amid this crisis that struck the United States, adding that there will be no incentive for the American economy before May 4, and there is no specific date for the reopening, and this will be negative for the American economy.
The fourth point
China donates 30 million dollars to the World Health Organization while Trump refrains from this support and we see here a big picture between the two largest economies in the world this donates and that prevents, will the United States of America survive this epidemic or its problems with China and we add to that Iran which will be the point Recent) in this article to anticipate a rise in gold
Iran, states, Iranian boats and American ships
Threat, warnings and warning Trump orders the destruction of any Iranian boats harassing US ships
And Trump's message to Iran
Trump did not end with Iran and does not care about it, as he warned and warned, and is not satisfied with going into problems between him and Iran
Notify the US Navy of shooting and destroying any Iranian boats approaching and harassing American ships at sea.
Although the US Navy does not need a decision to defend itself and has the authority.
But Mr. Donald Trump behind this message has goals, and there is a threat or warning that might create a great tension between Iran and the states again.
But the Iranian response was from a spokesman for the Iranian armed forces (Abu al-Fadl Shikarshi) on Wednesday
April 22 after Trump's remarks - that the United States should focus on saving its armies from the Coronavirus, rather than bullying others.
This Iranian tension and provocation to the United States is mainly caused by the killing of Soleimani and the missile attack on bases in Iraq. The story will not end and will begin with Trump's strength and messages on the Iranian provocation.
Which will be the focus of a modern and important point to bid farewell to gold $ 1700 centers and reach the expected goals ..

Gold has resisted 1738
If it is overlooked, it will be new stations that we will see in technical analysis
First resistance 1738.50 Second resistance 1752.20 Third resistance 1790.50
Gold at 1716 support
First support 1715.40 Second support 1695.30 Third support 1665.90

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