GOLD - SAFE HAVEN -
Added 2024-12-16 17:13:06 +0000 UTCI post a lot about Silver because I have a heavy position but Gold has been a great Safe Haven over the last 2 years, as the market presented some worrying signals and many investors added this to their portfolio.....however, in spite of a lot of red flags, the market still melted up higher.
This chart has not changed since the last one I uploaded and there is still a possibility that Gold can run to our Wave 5 target at the standard 2.618 Fib at $2824
A rejection at this point would also align the 0.618 Fib at $2077 and the ascending triangle breakout point
Remember Gold is like $BTC, it has made new ATH's this year.....Silver is aligned with $ETH, it has not made new ATH's yet, so our thesis was always to buy the lagging position and this has benefited us greatly this year....so I do not believe Silver and Gold are in the same count right now, Silver looks better for 2025.
