Gold Bullish Indicator Breaking Out To New Highs
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Precious metals continue to show strength this year with Gold breaking out to new all-time highs.
Could things get even more bullish for Gold?
Well, today’s chart highlights a key precious metals ratio that is working on a 13-year breakout.
Below is a long-term chart plotting the price ratio of Gold to the US Dollar. As you can see, this important Gold ratio has formed a bullish cup with handle pattern and price is attempting to breakout at (1).
In my humble opinion, a successful breakout here would be very bullish for gold and precious metals. Stay tuned!
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