On Monday (May 20) in the Asian market, the US dollar index fell to 104.43. Gold once broke through $2,440 in the early trading. Market analysts said that the gold price will challenge the resistance level of $2,460. Bitcoin rebounded in the short term and broke through $67,000 again. Long buying remained stable. Iranian President Ebrahim Raisi and Foreign Minister were officially confirmed to have died after the plane crash.
Iranian official media: President Raisi and Foreign Minister confirm martyrdom death
Iranian state media confirmed that Raisi and Foreign Minister Hossein Amir-Abdollahian were killed in the helicopter crash.
According to AP News, Iranian state television did not immediately provide a cause of the plane crash in Iran's East Azerbaijan province.
According to the state-run Islamic Republic News Agency, Raisi was accompanied by the governor of Iran's East Azerbaijan province, other officials and bodyguards.
The American-made Bell 212 helicopter they were traveling in disappeared in the mountainous area of northwestern Iran.
Lacey was travelling in East Azerbaijan Province, Iran, when the incident occurred.
According to state media reports, the "hard landing" occurred near Jolfa, a city bordering Azerbaijan, about 600 kilometers northwest of the Iranian capital Tehran.
Lacy returned from the Iran-Azerbaijan border to inaugurate the dam with Azerbaijan President Ilham Aliyev.
"No trace of survivors was seen after the site of the crashed helicopter was discovered," Pir-Hossein Kolivand, chairman of the Iranian Red Crescent Society (IRCS), told the semi-official Tasnim news agency on Monday morning.
Well-known financial blog ZeroHedge quoted the news: "This is reportedly Lacey's last video (before the crash)."
According to Iran's Nour News, Iran's vice president will take over the presidency in accordance with the constitution.
The crash comes as the Middle East remains roiled by the Israel-Hamas war and Supreme Leader Ayatollah Ali Khamenei’s Raisi launched an unprecedented drone and missile attack on Israel last month. Under Raisi, Iran has enriched uranium closer to weapons-grade levels than ever before, further stoking tensions with the West as Tehran also supplies bomb-carrying drones to Russia in the Ukraine conflict and armed militias in the region.
Meanwhile, Iran has faced years of mass protests against its theocracy over its poor economy and women's rights, making the moment all the more sensitive for Tehran and the country's future.
According to NBC, after the helicopter carrying the Iranian president had a "hard landing", US Senate Majority Leader Schumer said he had learned from intelligence agencies that "there is no evidence of murder in the incident". He said the weather at the scene of the incident was bad and foggy, "so it looks like an accident, but a full investigation is still underway".
Iran's Mehr News Agency and Reuters reported on the 20th that Iranian President Raisi was killed in a helicopter crash.
Gold Technical Analysis
CMTrade said gold’s pivot point is at $2,412.
“Our preference is to initiate long positions above $2,412 with extension targets at $2,440 and $2,460.”
“Another scenario is below $2,412 look for further downside with targets at $2,395 and $2,385.”
“After breaking through the $2,440 resistance, then $2,460.”
Bitcoin Technical Analysis
FXEmpire analyst Bob Mason said Bitcoin is comfortably above its 50-day and 200-day moving averages, sending a bullish price signal.
Bitcoin’s breakout above the $69,000 resistance level will support its rise to the $70,000 mark.
A breakout above the $70,000 barrier could allow the bulls to charge towards the all-time high of $73,808.
Conversely, if Bitcoin breaks below the $64,000 support and the 50-day SMA, it could signal a drop to the $60,365 support level.
However, the buying pressure is likely to increase at the $64,000 support level.
The 50-day moving average converges with the support level.
With a 14-day RSI reading of 55.89, Bitcoin could return to the $70,000 mark before entering overbought territory.
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