AnalyseMarchandisesGold is flying due to geopolitical tensions, and where is the next...

Gold is flying due to geopolitical tensions, and where is the next direction for it?

Prices rose today and recorded an increase due to the decline in the US dollar index, which measures the performance of the US dollar against a basket of currencies. The weakness of the US dollar prompted investors to possess gold, and gold also enjoyed a noticeable turnout during today’s trading due to the growing fears of escalating Sino-US geopolitical tensions, especially after the administration announced Maritime security in Zhejiang Province that China will conduct shooting exercises in the East China Sea, where the firing exercises come after a series of naval exercises conducted by the United States of America and its allies in the South China Sea, which Beijing claimed as its sovereign territory, which raised investor concerns about the current geopolitical escalations and in In a separate context, the growing fears that the US Treasury Department may reach its debt level in the coming months force investors to avoid buying bonds, and the overall increase in US debt may cause a weakening of the US dollar and an increase in the price of gold.

Either technically

The best selling areas are from the levels of the resistance area at 2025/2032, and we target 1969 levels

XAUUSD 2023 04 26 17 38 22
XAUUSD
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كرار علي متداول في اسواق المال محلل فني واساسي خبره 7 سنوات في سوق الفوركس امتلك مركز تدريبي في العراق البصرة اسعى الى نشر ثقافة الفوركس وتعليم الناس كيفية العمل عن بعد يمكنك الان الاطلاع على اخر مقالاتي الفنيه والاساسية من خلال نشر اهم الفرص والاخبار الاقتصادية العالمية والعربية
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