With reference to the earlier update, Gold/ES is still below the support line and trying to put a tail on its candle to consider undoing the breakdown. Of more importance, Gold/SPX is intact by the hair of its chinny chin chin after a slight tick below the key line. It too is making a hammer.

Obviously, the preferred scenario to maintain the “normal” gold sector correction view would be for Gold/SPX to hold up. So far it is. Just a little in-day micro management of an important market ratio for you.