So, I'm a novice, but I find it very interesting that over the last several trading periods gold and the markets have traded the same instead of inverse.
Over any short-term period, inverse correlations aren’t always strong. The inverse correlations for sure show up over months and years though. But near-term there’s just “noise”. Think of it this way, if you sold gold, would it have to be on an up day for gold? No. If you needed or wanted to sell gold and you were up on your position overall, you could even sell on a down day. So in the near-term, there are a myriad of reasons why gold could be down on one individual trading day, no matter what the market is doing. Hope that helps.