Gold daily update 04.03.24

Gold has soared not only because of the recent war activity between Russia and Ukraine, but also because of fears of the next wave of banking crises.

It would be very nice to see gold return to the 2050 area, but I doubt it. I will try to buy at 2070 first and then see.

As it is still Monday, gold could create a small consolidation, meaning it will continue higher from here, most likely without a retracement.