Technical Analyst: Gold at Resistance Level 6th Jan 2020...

Technical Analyst: Gold at Resistance Level
6th Jan 2020
http://www.theaureport.com/article/2020/01/06/technical-analyst-gold-at-resistance-level.html


It is clear that the killing of the Iranian general is the prelude to a military strike against Iran, which will probably take the form of an extensive and intensive bombing campaign that both Israel and the U.S. have been looking forward to for years, because a ground invasion is out of the question due to the geography and logistics. The goal as usual will be to destroy its military capability and wreck its infrastructure with the eventual aim of installing a puppet government and opening up the country to Western exploitation, and the wild card in all this will be whether Russia and China will do anything to prevent it, or just stand and watch. It is thought that they don't have the nerve to intervene. In any event, if such a campaign is launched, we can expect the world to be gripped by an acute sense of crisis and gold will spike. Iran may have the ability to disrupt the flow of oil out of the Persian Gulf, albeit temporarily, which would trigger an oil price spike and a stock market crash.