Gold – US Dollar Attempting 14-Year Breakout
(Click on image to enlarge)
Looking at the price of Gold in US Dollars is critical to understanding its trend for US investors.
Today we look at a “monthly” chart of the Gold to US Dollar ratio to highlight why Gold may be breaking out.
If the Gold/Dollar ratio can hold above 14-year resistance at (1) and continue its rally off support, it will be very bullish for Gold.
In my humble opinion, this is an important ratio and time to watch Gold. Stay tuned!
More By This Author:
Historical Deja Vu: Will 30-Year Treasury Bond Yields Repeat 2007?Are German Government Bond Yields Changing 44 Year Trend?
30-Year Treasury Bond Yields Targeting 6.5% Or Higher?
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