Previous analysis posts linked at bottom.
I have previously laid out my cases for:
Gold bear.
USD bull.
Stocks capitulation.
In previous times we have seen gold and stocks crash together we usually had gold rallying while stocks were dropping and USD was up in the FX markets.
We have these same conditions now. Interestingly the rally comes right to a 76 of the last drop.
If gold has entered into a downtrend, this is when that should become more obvious.
Tight stops on this type of trade. If it's not working it can be messy.
I have previously laid out my cases for:
Gold bear.
USD bull.
Stocks capitulation.
In previous times we have seen gold and stocks crash together we usually had gold rallying while stocks were dropping and USD was up in the FX markets.
We have these same conditions now. Interestingly the rally comes right to a 76 of the last drop.
If gold has entered into a downtrend, this is when that should become more obvious.
Tight stops on this type of trade. If it's not working it can be messy.
