DOW VS GOLD RATIO: SHORT STOCKS/LONG GOLD LIKE A CLOCK
Long term ratio explains why short stocks & long gold/metal stocks is working like a clock since Dec 30. Bearish wick into supply zone in monthly timeframe, backed by momentum hidden bearish divergence (left chart) and the same bearish wick backed by bearish momentum divergence in the weekly timeframe (right chart). Probs are, expected bounce due to trend line support ,will stop either at high 12's or high 13's, where PA action will be reevaluated in order to further trim or add to positions p.s. Thnks to Technician manage to publish properly this time:-)
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.