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!
Note that KimbleCharting is offering a 2 week Free trial to See It Market readers. Just send me an email to firstname.lastname@example.org for details to get set up.
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.