Gold/Dollar Ratio Chart
One of my favorite gold ratios to follow is a simple one: The price of Gold versus the US Dollar.
If Gold is outperforming King Dollar, it’s a strong indicator for precious metals bulls.
So gold bulls want to see this ratio heading higher. And as you can see in today’s chart, Gold has been in a rising trend channel for the last 5 years.
In fact, the Gold to US Dollar ratio has rallied sharply of in recent weeks.
The ratio is working on an important breakout at (1) which historically sends a bullish message to the precious metals sector. Stay tuned!
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