Gold is above weekly +2SD while NQ lags - how are you separating the signals?
I wrote up today's futures map because the cross-asset picture is unusually easy to oversimplify. Gold is above weekly +2SD, ES/YM/RTY are above weekly +1SD, NQ is below Tuesday's reference close, and crude is still below weekly -1SD.
The piece is focused on acceptance and invalidation levels rather than a directional call:
https://ponotrading.com/blog/market-pulse-august-6-2026-gold-weekly-extension-nq-leadership
For me, NQ reclaiming 29,615 and then the overnight high near 29,679.50 would make the broader index bid more credible. Gold holding the 4,302 to 4,311 overlap is its own separate test.
How are you weighting gold's extension against crude staying weak and NQ lagging?
Posted Aug 6, 2026, 1:25 PM UTC
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