The Long Investor
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GOLD - SAFE HAVEN -
🕑 Added 2025-05-06 13:25:49 +0000 UTCGold continues to recover after pulling back after the US market bounced for what could be Wave B.
If Gold makes a higher high above $3500, then this is a signal that more money is moving to safe havens and the US market will likely see a Wave B rejection next.
The Bull Case target here has not changed in nearly 2 years and remains at $3800.
A pull back to the 50 Day MA at $3100 or the First Target at $3000 would allow the market to move higher and test the previous ATH.
