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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.