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
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.