Everyone falls, Gold remains

At the beginning of the coronavirus crisis, the market, stocks, and indices rebelled and refused to drop for over three months. However, the market could not bear it any longer, and stocks, indices, and many currencies fell. Only gold and a few other currencies remained.

History repeats itself. Everyone will fall, and only gold will remain.

The banking crisis started as a small problem with Silicon Valley Bank’s management, and they claimed it was a small problem. However, the bank collapsed, and many promised to save it, but no one could because they would go down with it. America rushed to print billions of dollars to save the situation, and the financial crisis was said to have been “contained.” Then, other banks began to collapse, and as The Wall Street Journal reported, nearly 200 banks faced the same problems. They said the major banks were “too big to fail.” Then one of these banks, Credit Suisse, collapsed in less than 48 hours. They said they would solve the problem immediately, and after more than a week, they agreed to buy it with strict conditions that preserve the buyer’s rights and increase them. Then more than $500 billion was withdrawn from small banks in 10 days, and the Federal Reserve’s budget rose by huge amounts exceeding $400 billion. The Federal Reserve is still looking for a 2% inflation rate under these circumstances, but what is this nonsense, Jerome Powell? Or rather, what is this manipulation and investor folly? Believe me, Powell, you will not succeed alone; you will need the support of Jay Powell, who supports you with everything he has. Because if the Federal Reserve falls, America will fall, and America will not fall alone; everyone will fall with it.

We will not let America fall. More than 50 years ago, American President Richard Nixon said in a televised speech to America, “Prosperity, without war, requires working on three fronts.” We must create more and better jobs, stop the rising cost of living, and protect the dollar from international speculators’ attacks.”

This is the American dream and will always remain so. When the Vietnam War came, it drowned the United States in debt from 1960-1970 because wars eat away at the state’s budget. What the United States did was stop printing money, as the state began to weaken, and the dollar began to fall, the United States had to print more money. As a result, they faced inflation, and the dollar became weaker. Today, America faces a similar situation, and it must work on the three fronts mentioned by Nixon to maintain its strength and stability.”

Technical Analysis:

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The above chart shows the model that gold has been building up until now. I bought it before the closing at 1969, and if the analysis fails and gold settles below 1952 for more than a day this week, it will be a failure. The secret of the success of this model and the magic number it needs to break out is the price of 1987. With the help of Allah, we will see gold at 2070 for the third time. If it breaks through and stays above it for two or more days, then welcome to levels near 2500 in the near future. At that point, I know that the world is heading towards a new crisis much stronger than the 2008 crisis, and gold will be the biggest winner in this catastrophe
Mahmoud-Edelbi90
Mahmoud-Edelbi90
I'm a forex market analyst and I'm proficient in technical and fundamental analysis of foreign currency exchange. I constantly monitor global and local developments in financial markets and use my knowledge and experience to analyze financial and economic data and other factors that affect the market. I understand that accurate analysis and correct forecasting of price movements is the key to making profits in the forex market. Therefore, I strive to provide well-thought-out and logical recommendations to investors and traders on the appropriate times to buy and sell. I use the necessary tools and techniques to analyze and trade currencies in the forex market, and I develop trading strategies and evaluate risks associated with each transaction. I work hard to achieve positive results and achieve good financial profits, and I always look to improve my skills and knowledge to keep up with changes and challenges in the forex market.
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