DJI/GLD will proximity went below 10.
The bearish trend of DJI/GLD will continued after a slightly 0.382 rebound (CD) of the downtrend (BC) and hits the resist at 16.5, which is the lower edge of the bearish triangle (head and shoulder reverse signal).
As the rebound hits the resist, the trend will conversely go bearish and expected target would be 1.618 of the recent rebound (CD). In the meantime, the downtrend will also be a 0.786 of the long-lasting uptrend (AB) from 2011 to 2018.
Hence, the DJI may decline while the gold boost. My expected target of DJI would be around 20,000 after the recent v-shape rally and gold will be above $2,000 per once by continuing the rally from $1,450 since March.
Let's observe what will happen with my expected DJI/GLD trend which will possibly go through the second-half of 2020.
The bearish trend of DJI/GLD will continued after a slightly 0.382 rebound (CD) of the downtrend (BC) and hits the resist at 16.5, which is the lower edge of the bearish triangle (head and shoulder reverse signal).
As the rebound hits the resist, the trend will conversely go bearish and expected target would be 1.618 of the recent rebound (CD). In the meantime, the downtrend will also be a 0.786 of the long-lasting uptrend (AB) from 2011 to 2018.
Hence, the DJI may decline while the gold boost. My expected target of DJI would be around 20,000 after the recent v-shape rally and gold will be above $2,000 per once by continuing the rally from $1,450 since March.
Let's observe what will happen with my expected DJI/GLD trend which will possibly go through the second-half of 2020.