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Welcome to the analysis about gold
As everyone knows, gold is a precious metal whose value changes with the change of events. Since it was found, people have seen it as a safe haven in times of crisis
Today, the world is living in stifling crises, “the Russian-Ukrainian war and its negative repercussions on the world” through the huge rise in the prices of raw materials and goods
All of this led to changes in global economies, which made the base metal, "gold" affected very greatly, and recorded significant declines in its prices, not recorded since 07/2020.
Through our technical view on the chart and our economic view on global markets, all conditions contribute to the continuation of gold in the collapse, and it is expected that we will see it during the next month at the levels of 1600 and 1580.
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Good to know