Gold historically had a negative correlation to stocks and other financial instrument.
With our reality change we can c gold leading the stock markets?
can we point out the reasons?
1. Most ppl hedge their portfolio with gold for Diversification
2. Weakness of the u.s Dollar
3. Financial uncertainty
4. World tension
5. Increasing Demand
Recently, I was exposed to Wyckoff Events and Phases and discovered that the triangles I use is a Phase in Wyckoff Events
Therefore, they get more significance even to those who doubt this amazing pattern,
This specific ascending triangle is Phase c in the Accumulation Schematic of Wyckoff where bottoms r made.
Let's c how and if it works by the book?
Can we c twtr getting back in between the upward lines until earnings coming soon (2 weeks time)?
I'de like 2 c the bull cross of 50 and 200 DMA .- BTW , I noticed in a few assets that almost golden cross ,
I know its a late sign but.... better be late then never.
After hitting my target at around 3200 i expect 2 hit my second target at almost 3400 . Maybe then we can get the correction we r all waiting 4.
The 50 and the 200 MA's r to meet this week? Hope we can c a nice bullish cross.