DowJones/Gold (1w) - Critical momentDear Everyone,
We are at critical moment at Dow Jones Index. If you will compare that index to gold (which is the real store-of-value with stable inflation 2% annually), there is formed a W pattern (which is bullish). However, RSI and MACD indicator suggest that bullish continuation might be difficult - especially when we are at the neckline of the pattern.
IMO this doesn't look catastrophic and does not predict the severe dump in the imminent, however, multi-week smaller correction and than sideways could be very possible.
Regards,
Paweł
