While the world is on the edge of crisis, there are some reasons which I personally think the gold will rise to a higher price, and maybe a touch to 2000$. Reasons are listed below:
+ Negotiations between I.R.Iran and 5+1 seemed no progress the previous week
+ The decline in Cryptocurrencies charts
+ The problems between Russia and Ukraine(USA)
+ and Arabian Counties are buying more weapons and running maneuver with Israel.
And as it is shown in the chart, Gold Ounce / USD is a critical point. It may fall to lower prices, however, due to mentioned reasons, I think it will rise and it is a good point to open Long Positions.
+ Negotiations between I.R.Iran and 5+1 seemed no progress the previous week
+ The decline in Cryptocurrencies charts
+ The problems between Russia and Ukraine(USA)
+ and Arabian Counties are buying more weapons and running maneuver with Israel.
And as it is shown in the chart, Gold Ounce / USD is a critical point. It may fall to lower prices, however, due to mentioned reasons, I think it will rise and it is a good point to open Long Positions.