Incredible resilience
Gold has shown some monster resilience in the wake of this equities rally. Look at that accumulation, Buy on the breakout over 1590 (wave 2 is a flat) or buy on one more wave (e) dip to 1490 (wave 2 is an ascending triangle). Either way this thing looks to be going higher.
Note
The way gold rallied today w/ equities at ATHs is crazy bullish... also makes me feel like somebody thinks something's gonna go down this weekend.Note
Sry, typo 1590 should read 1520 on prev update.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.