Using momentum indicators, the Nasdaq is overbought and seems to be retreating a bit off of that region. Gold is continuing to move into the overbought region of momentum.
The two are following more of a correlation up until now. This current movement marks divergence, which is what is expected. This coincides with the expectation that Gold and equities will trend in opposite directions.
In other research, it is noted that when there is correlation followed by divergence, it is typically the equity which was over-extended and will retrace back against Gold's more gradual movement. Gold typically keeps pace with inflation.
The two are following more of a correlation up until now. This current movement marks divergence, which is what is expected. This coincides with the expectation that Gold and equities will trend in opposite directions.
In other research, it is noted that when there is correlation followed by divergence, it is typically the equity which was over-extended and will retrace back against Gold's more gradual movement. Gold typically keeps pace with inflation.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.