"Unlike the usual relationship between and equities, gold and gold trade in tandem; and gold ( GVX ) continues to grind lower since gold failed to gain momentum above $1,550 which is trending neatly within a .
If we breakdown gold further, when the standard deviation spikes above 1 with the 30-day trending lower, we see lower gold prices. The is maintaining negative territory while the sigma continues to slide lower."
Nar-term TACVOL range is 1520/1474.
- The Macro Strategist