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Gold and the Dow are in a bit of a relay race, but there’s evidence of a rising tide for both, Louise Yamada, CMT, of LY Advisors told Real Vision’s Trade Ideas.
After breaking out above 1,400 and climbing to 1,550 before consolidating a bit, gold still looks to have upside potential and the monthly momentum is still positive, which supports consolidation, she said.
Meanwhile, the Dow is in an impressive consolidation pattern that should continue. Yamada said investors should take it target by target, with 30,000 next, then see whether we get the full