This Indicator is Not Yet Confirming Gold Rally
Gold against the stock market remains weak and has a concerning technical setup. Gold must outperform the stock market to be in a real bull market as it was in the 1970s, 2000s and briefly from 2018 to 2020.
Gold can breakout amid rate cuts but if the economy is in a soft landing and not a recession, then don’t expect a sustained breakout.
