This is confirmed, for gold versus SPX, as per our old Tenter, Patrick.

I have learned a lot from him.

Watching these rates of changes, also (same as or different) from Michael Oliver’s Momentum indicators, is really helpful. We can keep watching backtest of just the price, and then price fakeout to break the support, but such changes in momentum are not achieved easily, once they have turned.

Let’s see, how we close out the month of May 2022.

 

My best regards.

GL