XAUUD / DXY RATIO UPTREND
XAUUSDThe chart shows a reversal in SPOT GOLD since July 13th and the latest round
of CPI/PPI data showing the continued onslaught of inflation.
Gold is rising while the dollar strength is dropping as per the DXY index.
This all makes sense at least to your average person who is not
an economist. That said, XAUUSD has a bullish bias as a hedge
against inflation and flight to financial safety. I put up another
idea with the ratio of the SPX to Spot Gold suggesting now is the
time to sell stocks and buy gold instead potentially consistent
with a stock market bear rally instead of a new bull run.
Time will tell..........................
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