King Dollar continues to punish Gold; big test here

By Chris Kimble of Kimble Charting Solutions

CEO of Kimble Charting Solutions • Nov 30, 2016 at 10:17 AM EST

From 2001 until 2011, Gold was much stronger than the US Dollar. Since 2011, King Dollar has been much stronger than Gold.

king-dollar-pic-surprised

From 2001 until 2011, Gold was incredibly stronger than the US Dollar. Since 2011, King Dollar has been tons stronger than Gold. An important “support test” is in play right now in the Gold/US$ ratio

gold-dollar-ratio-testing-important-support-nov-30

(Click on image to enlarge)

Gold/US$ ratio remains inside of multi-year falling channel (1). A dual test of support is taking place at (3) above.

The future of this ratio and several portfolio construction plays, will be greatly impacted by what takes place at (3)!!!

If this type of Power of the Pattern analysis is important to you, we would be honored if you were a Metals or Premium Member.

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