Do ES and MGC Move Together on 5-minute Charts?
Educational reference. Measured from recorded market data through September 23, 2026. Not a forecast.
E-mini S&P 500 and Micro Gold are often assumed to move together. This measures it against 9,059 time-aligned 5-minute bars over the last 45 days — no opinion, just what the two actually did.
| Bars where both moved | 8,363 |
|---|---|
| … and moved the same direction | 5,241 (62.7%) |
| Correlation of bar-to-bar changes | +0.401 |
At 62.7% agreement and a correlation of +0.401, 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 5-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
Is the 5 minute chart bullish? Yes. LiveCharts.AI predicts ES on the 5 minute chart as on every timeframe from 1 minute to 1 hour, with the predicted indicators beside the predicted candles. Candlestick prediction →
ES predict upcoming candle direction LiveCharts.AI predicts the next 30 candles of ES on every timeframe from 1 minute to 1 hour, drawn on the live chart. It is a prediction, not a certainty, so LiveCharts.AI publishes how its recent ES predictions compared with what happened. Candlestick prediction →
Can I compare live ES candles with earlier predictions? LiveCharts.AI updates the ES prediction as each candle closes, so the predicted path always starts from the latest price, and the chat answers questions about the chart as it is now. AI chart analysis →