"Fed's Approval Sparks Nasdaq 100 and Gold Price Surge: Get Ready for a Santa Claus Rally!"

The Nasdaq 100 and gold prices have shown an unusual positive correlation this month, with both rallying due to falling U.S. Treasury yields and a dovish repricing of interest rate expectations. The recent softer rhetoric from the Federal Reserve suggests a potential change in strategy, which could further support the rally. Technical analysis indicates that a bullish breakout for the Nasdaq 100 could lead to a rally towards 2021 highs, while gold prices could retest May's peak and potentially move towards new highs. Traders should closely monitor Fedspeak and Chairman Powell's upcoming speech for further clues on monetary policy.