Gold/U.S. Dollar Ratio Repeating Historical Breakout Pattern?

Gold, Bars, Wealth, Finance, Gold Bars, Deposit

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Gold prices continue to move swiftly higher as gold nears $3000/ounce.

Feels like a big rally already. But gold may be in the early innings of a longer-term run… especially if today’s chart pattern proves to be as bullish as it looks.


Is Gold/Dollar repeating the pattern of its past?

Notice that the ratio traded sideways for 15 years before posting a historical break out in the early 2000’s… and rallying for years.

Then gold repeated that 15 year sideways trading pattern before attempting to break out again more recently. History in the making?

Notice as well that both breakouts first tested old resistance as new support followed by breakout confirmation!?!?

Will the gold / U.S. Dollar ratio rally for years again? 

(Click on image to enlarge)


More By This Author:

Gold – US Dollar Attempting 14-Year Breakout
Historical Deja Vu: Will 30-Year Treasury Bond Yields Repeat 2007?
Are German Government Bond Yields Changing 44 Year Trend?

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