There doesn’t seem to be a large number of stocks participating in new recent market highs. There may be a little more room left to the upside, but many stocks are exhibiting signs that momentum may slow on the horizon. Note on the stocks at their 50 day highs is not matching up with current overall market highs. Stocks and indices such as the QQQ and SPX are showing negative divergences on their daily charts.
Can gold move higher? High probability.
However, I would look for a buy opportunity in stocks on a pullback, make a list and get ready.
Buyer of 3200 $GLD GOLD March $113 calls!