XAUAUD daily chart downtrend strengthens.
Substantial USD selling returns as usual to support stocks & EURUSD
for the election rally. Rinse & Repeat.
Once EURUSD current upleg [very overbought now] ceases, SPX can sell
sell off. Bearish GOLD has already started.
More USD selling & EURUSD buying supports stocks & causes more short
covering. When this ceases we get the crash.
Bearish GOLD & SILVER daily charts have not participated in recent
SPX / EURUSD rally. CRUDE OIL hasn’t either. This divergence is a
warning for equities.