Gold Indicator Hanging Onto Support By A Thread! Gold Bulls Pay Attention!

by Kimble Charting

Is Gold about to receive a very important bull/bear signal this month? Looks like it!

This chart takes a peek at the Gold/U.S. Dollar ratio over the past 15-years. The ratio double topped at (1) and once it broke support in 2013, it declined sharply over the next 24-months.

We are primarily funded by readers. Please subscribe and donate to support us!

It peaked in August of last year at (2), where it appears to have created another double top.

The decline over the past 7-months has it testing the 10-year support level at (3).

The Gold/US$ ratio is hanging onto support by a thread this month. Gold bulls should be aware how important it is for Gold that this support holds!!!

 

 

 

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.