Do ES and MGC Move Together on 10-minute Charts?
Educational reference. Measured from recorded market data through September 11, 2026. Not a forecast.
E-mini S&P 500 and Micro Gold are often assumed to move together. This measures it against 4,425 time-aligned 10-minute bars over the last 45 days — no opinion, just what the two actually did.
| Bars where both moved | 4,181 |
|---|---|
| … and moved the same direction | 2,574 (61.6%) |
| Correlation of bar-to-bar changes | +0.404 |
At 61.6% agreement and a correlation of +0.404, these two have a moderate tendency to move together on this timeframe.
Where the relationship breaks down
Prices moving together does not mean everything else does. The indicator pages below measure each reading separately — and momentum, trend strength and volatility frequently disagree even when price does not.
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How this was measured
Every 10-minute bar recorded for both instruments in the last 45 days was aligned by timestamp. Bars where either did not move are excluded from the direction figure, since a flat bar agrees with nothing. Correlation is measured on bar-to-bar changes, not on price levels — two markets can both drift upward for unrelated reasons, and correlating levels would call that a relationship.
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Questions traders ask
10 minute AI price action On the 10 minute ES chart LiveCharts.AI predicts the next 30 candles, about 5 hours ahead, and redraws them as each 10 minute candle closes. Candlestick prediction →
Projected candles for the next hour on ES Yes. LiveCharts.AI draws the predicted next candles of ES to the right of the last bar, with their open, high, low and close, and redraws them as each candle closes. Predictions are estimates, not certainties. Candlestick prediction →
Live ES AI candlestick chart analysis LiveCharts.AI is an AI chart reader and analyzer: on the ES chart it shows the predicted next 30 bars and the predicted indicators, and answers questions about the chart. AI chart analysis →