Yes that is why it is important to look at differe

Yes that is why it is important to look at different Commodity sectors in order to make more accurate observations of price behavior. If you going to take a long position on Commodity Gold then watch aldo Commodity currency EuroFX the price better be declining because the price always behaves exact opposite of Commodity Gold price. Don't stop there check out the other Commodity Currencies U.S. Dollar, Canadian Dollar, Australian Dollar. Next look at the Commodity Energies Crude Oil, Unleaded Gasoline, Natural Gas. And if Gold is moving up check out other Commodity Metals make sure they are moving up as well. Silver, Copper, Platinum for they are cousins and sisters of Gold. In this way when one market moves it causes a domino effect on other markets. And observations of comparative price behavior accuracy is obtained!

Everyone sees, few observe, fewer compare, fewest memorize repeat price behavior. - Dickson G. Watts