Consider gold to be safe haven? Don't be so sure🔑

NASDAQ:XAU   PHLX Gold and Silver Sector Index
As inflation rises all around the world everyone turns their eyes to gold - safe haven during all financial crisis's.

However if you look at the chart, Gold came too close to the stop-losses of bulls, just below the demand zone .

When you expect something to rise, you always have to ask yourself - Who will pay for the show?

That's exactly why I think that we have to collect liquidity at the bottom of supply zone before going up and starting new bull rally.

Targets for such bullish momentum could be as high as previous top at 171, which is roughly 50% iincrease!

What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊

P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones

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