Nasdaq/Gold ratio as a prospective indicator of a market top?
The above charts: show Nasdaq/Gold
Below charts: show Nasdaq
Can we use Nasdaq/Gold ratio as a prospective indicator of a market top?
If we are looking at the 2 previous major market top (just before the crash happened) in 2000 and 2007, we easily can see in 2000 the market top and the Nasdaq/Gold top happened at the very same time. Moreover, in 2007, market Top happened in late October 2007 however Nasdaq/Gold ratio top happened in mid-July, almost 2 and half months earlier..!
Now we can see why gold is called safe heaven, and we should monitor its price movement in the coming days.
Below charts: show Nasdaq
Can we use Nasdaq/Gold ratio as a prospective indicator of a market top?
If we are looking at the 2 previous major market top (just before the crash happened) in 2000 and 2007, we easily can see in 2000 the market top and the Nasdaq/Gold top happened at the very same time. Moreover, in 2007, market Top happened in late October 2007 however Nasdaq/Gold ratio top happened in mid-July, almost 2 and half months earlier..!
Now we can see why gold is called safe heaven, and we should monitor its price movement in the coming days.
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.