GOLD - SAFE HAVEN -
Added 2024-07-31 15:37:38 +0000 UTCIt has been awhile since we last uploaded a Gold chart but there are no changes here, the pull back has been marginal and only to the 0.236 Fib, this is the weekly chart above but on the daily chart we can see that the 50 Day MA has been behaving as a support level as the price drifts higher.
A pull back can still come to the 0.5 Fib or 0.618 Fib between $2222 - $2146 but this will just offer another opportunity to add.
I believe Silver is already there now, it has arguably completed its pull back already.
$3000 remains the First Target for Gold, I don't expect this to happen here quickly, so use Gold as a safe haven, to preserve your capital.
