There is likely going to be a correction within the next 5 days, the question is where will the market go after that and is the gold going to push for higher highs.
My idea is that the correction will cause a bullrun in gold and potentially silver. The Tech companies are likely headed lower during the next two weeks. Gold on the other hand might keep above 1908 USD/OZ.
Well, the gold went for lower lows and the indexes went for higher highs. We seem to have a firm support at 1925 for gold, and we gave just tested it, so maybe it's due time for the indexes to correct now. Tesla also seem weak, and I see a bearish shooting star on the weekly charts. It is essentially the bid tech companies that move the indexes now.
It is essentially the bid tech companies that move the indexes now.