Bigger picture, the recent low in gold aligns with the red trendline. As long as that line holds, bulls are in good shape. If gold sustains trade below that, bulls will want to become cautious, because blue could come into play, particularly if this year's lows were to fail:
SPX has continued higher since last update:
In conclusion, gold captured its targets and SPX is still within its latest version of the green channel, so nothing much to add as long as those conditions continue. If SPX sustains trade below green, that would be a sign that the uptrend might be pausing... but given how resilient this market has been, we'll have to play it by ear from there. Trade safe.
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