Fairly clear here that Gold and Nasdaq correlated in direction until December 2024, at which time the equities market peaked. The two continued to correlate in trend direction until February, where, after several years divergence finally occurred.
Gold continues upward, equities continue lower. This seems to be a clear indication that equities, in this case the Nasdaq, will continue into downward correctional territory while Gold continues into a positive trending direction.
Gold continues upward, equities continue lower. This seems to be a clear indication that equities, in this case the Nasdaq, will continue into downward correctional territory while Gold continues into a positive trending direction.
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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.