Many people ask why we can't analyze gold and the NASDAQ together? Actually, the driving logic behind these two assets is fundamentally on different channels.

The issue with gold is quite straightforward—this wave of gains has been too rapid, nearly completing a ten-year increase in one go. The most probable next move is an oversold rebound, and other opportunities are unlikely to appear.

The situation with the NASDAQ is completely different. This index has its own rhythm, oscillating within a certain range every spring, then continuing to climb. If suddenly bad news hits, it could actually be a good buying opportunity.

Their intrinsic driving mechanisms are different, and their trading logic frameworks are also different. Analyzing them together will only lead to misconceptions.