GOLD BULLISH? THE "SOUTH CHINA SEA WAR" THREAT AFTER RE-OPENING?

Gold prices weakened amid hopes for a vaccine to be mass-produced by the end of 2020 and besides optimism about the reopening of business centers in early June (domination this month) on the grounds of Herd Immunity and the "NEW NORMAL" procedure received a positive response although there are still doubts about the increase in casualties due to the reopening of centers. The prediction of the US dollar will weaken in a long period of time is still very high in the echo where hyper-inflation will occur after this pandemic (is this intentional ?? with the aim of being able to compete with renminbi prices ??) this is a currency war that will probably end in the threat of a ceasefire flavored by the politics of "PLAYING VICTIM" between the two sides of the country. There is the potential for gold prices to strengthen in mid-June as predicted a few weeks ago and may be triggered by rising tensions of war in the "SOUTH CHINA SEA" and the price of gold resumed its bullish trend. Note the prices in the EMA 200 TF H4 area will there be a false breakdown ?? The price of gold will try again to test the highest price 9 years ago in the area of ​​$ 1781 (potential Rising Bearish Wedges).

Buy Limit : $1684
Stop Loss: $ 1654
Take profit: $ 1781
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