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ChartStrategist
May 4, 2023 10:36 PM

Gold 4hr TF  Long

GOLD (US$/OZ)TVC

Description

Gold is currently displaying bullish behavior, but a correction is expected in the coming days, presenting a favorable chance to buy. If gold's value drops to approximately 2030 or 2013, it would provide an ideal opportunity to buy as these levels have confluences.

Additionally, gold miners are also demonstrating bullish behavior, indicating a potential surge in gold. However, it is recommended to wait for reversals in both gold and silver before making any decisions on their next move.

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