Should we replace crude oil with gold???Gold / U.S. DollarFOREXCOM:XAUUSDIliyarayatiThis is just an analysis and not a signal to buy or sell. —————————————————————- According to the analysis done on gold (banking style analysis), we currently have various selling positions (pullback, breaking white lines and news). As you can see, gold is currently in a downtrend and this trend, in my experience, will continue in this direction until it stabilizes. —————————————————————— Political analysis: The economic war in the Middle East (Mena region) has reached its peak. The exports of Arab countries have stopped due to the closure of the Strait of Hormuz, which has caused us to have neither imports nor exports. The closure of the Strait of Hormuz and the US naval blockade have caused the price of oil to increase sharply. Whenever the price of oil increases!! The price of gold decreases and that is why gold is in a downtrend. Iliya rayati