Notes on chart. Could be an IHNS or descending triangle. Interesting to see where this goes....
As of late Gold has had an inverse relationship with the indices (S&P500) if this brakes down could be bullish for markets whereas a brake upward could be bearish for equities. However both Gold and equities could be in a position where they both seem have a positive correlation circa (2003-2008)
As of late Gold has had an inverse relationship with the indices (S&P500) if this brakes down could be bullish for markets whereas a brake upward could be bearish for equities. However both Gold and equities could be in a position where they both seem have a positive correlation circa (2003-2008)