Gold-to-USD Ratio: Breakout Above 14-Year High a Bullish Signal for Yellow Metal

Looking at the price of Gold in US Dollar 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.

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