Gold IHNS Update

Notes on chart. Could be an IHNS or descending triangle. Interesting to see where this goes....

As of late Gold has had an inverse relationship with the indices (S&P500) if this brakes down could be bullish for markets whereas a brake upward could be bearish for equities. However both Gold and equities could be in a position where they both seem have a positive correlation circa (2003-2008)