OMG! What just happened with Gold???
Updated
Gold has seemingly taken a mini-crash - or rather correction in a daily trend. Some have bailed out, and I can't blame them if they made their money with the big pump north. So what's next?
Note
Gold is definitely doing funny stuff on 1H to 2H timeframes. Uncharacteristically, as the US Dollar strengthens, Gold is also moving north. The usual pattern is an inverse relationship. To me this means that people are reaching more to gold to protect against a stock market crash.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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