Gold is expected to top $1749

Trading Discussion Currencies
1

Last Friday night, Gold had a rapid fall, with a lowest point of $1710.

However, Gold did not fall below the $1700 integer strong support, instead, it Callback to a stable position above $1720 and closed at $1728. This indicated that Gold still in uptrend and made the Gold bull market still dominant. In terms of the current market, due to the impact of the epidemic, the world economy is in a declining stage. Gold has been the best product to avoid investmengt risks, so the whole market is still bullish. Gold is likely to continue to rise this week and hit a new high, breaking the previous high of $1747.

2

Trading suggestion
Make long position at current price $1722 target $1740

2

Something strange has been happening to the market lately. At first, oil fell in price so much that companies had to pay $37 extra for each barrel they sold. Now gold (a seemingly stable investment in the market). Now I don’t even know what to expect next. I would hate to feel what it means to survive the Great Depression on .