๐ Gold vs. S&P 500 Correlation and ๐ฎ Forecast
๐ฉ๐ Applying supply/demand and #CFTC analysis we can conclude that the banks ๐ฆ are ๐ข buying #gold and ๐ฆ are ๐ด selling the $SPY #ES_F. Recently they've enjoyed a somewhat positive correlation but that is about to turn negative.
The S&P 500 is contacting a massive selling are and currently reacting from it.

Gold reacted from an institutional demand zone and the banks have been buying ever since.

Gold vs S&P 500
