Economic expert Mohammad Al-Rawashdeh outlined a technical roadmap for the future of global markets, warning that the global economy is experiencing a state of “significant slowdown,” especially in the United States and China, amid rising inflationary risks driven by regional tensions.
Gold and Silver: The battle between “launch points” and the “cliff of decline”
Al-Rawashdeh analyzed the movement of precious metals, presenting clear scenarios for investors:
Gold dilemma: Gold is currently fluctuating between $4,100 (downside point) and $4,850 (launch point).
Downside scenario: If gold drops below $4,100, it could fall by $400 to $500 per ounce.
Upside scenario: Surpassing the $4,850 barrier would signal a “massive and explosive” rally for the yellow metal.
Silver under pressure: Silver has stabilized at $70; he noted that dropping below $60 would push it down to modest levels, while exceeding the midpoint at $90 would indicate a sharp surge.
Energy and cryptocurrencies: “Sad” oil and volatile Bitcoin
Al-Rawashdeh described the state of oil as “sad,” linking its future to previous war peaks:
Brent crude: Currently trading around $106; surpassing the $130 mark (the peak recorded during the Russia-Ukraine war) would mean a price surge.
Bitcoin: Currently under downward pressure at $66,000.
He emphasized that the digital currency will remain weak as long as it stays below $75,000, and its weakness will intensify if it breaks below $60,000.
Inflation and interest rates: The specter of a strong dollar
Al-Rawashdeh warned that the current war is directly impacting energy prices, raising inflation expectations:
Interest rate hike: He expected that if inflation persists, the U.S. Federal Reserve will resort to raising interest rates on the dollar.
Result: Higher interest rates would necessarily lead to a “significant decline” in gold and precious metal prices due to the strength of the greenback.