Technical analysis of gold prices: important support and resistance points
Gold prices are witnessing positive trading during Monday’s trading, driven by increasing the uncertainty in the markets and high demand for safe assets. These rising threats to impose new customs duties and increase the severity of commercial tensions constituted a negative factor on high -risk assets, while the US dollar’s decline contributed to supporting gold prices, according to “Fxstreet”. Commercial tensions between America and China to the interface
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in a post on a platform "Truth" Friday, Trump said: "China, and as some expected, completely violated the agreement with us. There is no room for more courtesy!"
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The agreement reached in Geneva stipulated the suspension of customs duties for a period of 90 days, with the United States reducing fees on Chinese goods from 145% to 30%, compared to China reduced its fees from 125% to 10%. The agreement also included China’s commitment to lifting restrictions on exporting the biological metals needed for American industries. "Baseless"Stressing that the United States has taken several discriminatory measures, including imposing restrictions on exporting artificial intelligence chips, preventing the sale of chips design programs, and withdrawing Chinese student visas. Beijing stressed that she will defend her legitimate interests and will take "Strong and decisive procedures" In the event that the current American policies continue. (SMA) near 3,295 dollars, which is slightly lower than the level of $ 3,300. Near 3,431 dollars, which may open the way to re -test the historical summit recorded on April 22 at $ 3,500. $ 3,161.
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