Commodities Analysis and Opinion

This Indicator Is Not Yet Confirming Gold Rally

12/14/2023

Less than a minute

2023.12.14 03:29

Jordan Roy-Byrne, CMT

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.

12/14/2023

Less than a minute

Bitcoin (BTC) $ 99,164.57 1.81%

Ethereum (ETH) $ 3,481.59 0.79%

Tether (USDT) $ 0.999953 0.10%

XRP (XRP) $ 2.31 0.37%

BNB (BNB) $ 704.34 2.07%

Solana (SOL) $ 199.69 2.69%

Dogecoin (DOGE) $ 0.333702 0.92%

USDC (USDC) $ 1.00 0.20%

Lido Staked Ether (STETH) $ 3,474.24 0.72%

Cardano (ADA) $ 0.918023 0.52%

TRON (TRX) $ 0.258014 1.00%

Avalanche (AVAX) $ 40.67 0.20%

Chainlink (LINK) $ 24.72 0.72%

the-open-network

Toncoin (TON) $ 5.99 4.93%

Wrapped stETH (WSTETH) $ 4,129.31 1.15%

Shiba Inu (SHIB) $ 0.000023 0.54%

Sui (SUI) $ 4.59 0.14%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 98,883.49 1.76%

hedera-hashgraph

Hedera (HBAR) $ 0.314991 2.74%

Stellar (XLM) $ 0.386553 3.05%

Polkadot (DOT) $ 7.53 1.38%

WETH (WETH) $ 3,483.73 0.85%

Hyperliquid (HYPE) $ 28.21 2.65%

Bitcoin Cash (BCH) $ 461.87 1.14%

LEO Token (LEO) $ 9.50 0.65%

Uniswap (UNI) $ 13.89 3.91%

Litecoin (LTC) $ 109.43 1.38%

Bitget Token (BGB) $ 5.73 15.99%

Pepe (PEPE) $ 0.000019 1.47%

Wrapped eETH (WEETH) $ 3,674.85 0.92%

NEAR Protocol (NEAR) $ 5.46 0.38%

Ethena USDe (USDE) $ 1.00 0.24%

Aave (AAVE) $ 371.53 1.28%

Aptos (APT) $ 9.68 0.80%

USDS (USDS) $ 1.00 0.09%

internet-computer

Internet Computer (ICP) $ 11.27 2.01%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.518815 0.16%

crypto-com-chain

Cronos (CRO) $ 0.158675 4.01%

VeChain (VET) $ 0.052064 0.01%

Mantle (MNT) $ 1.25 1.85%

Ethereum Classic (ETC) $ 27.36 1.79%

Render (RENDER) $ 7.59 1.19%

Bittensor (TAO) $ 502.92 2.58%

Monero (XMR) $ 197.93 3.69%

MANTRA (OM) $ 3.79 1.21%

WhiteBIT Coin (WBT) $ 24.96 0.54%

Artificial Superintelligence Alliance (FET) $ 1.36 0.73%

Dai (DAI) $ 1.00 0.19%

Arbitrum (ARB) $ 0.804391 0.46%

Filecoin (FIL) $ 5.33 1.12%