XAU to Gold ratio has been in bear trend and was over sold in Dec 2015 to Jan 2016.

This latest correction now it appears same TA signals are at work: Bullish divergence with RSI and MACD , bullish Wolfwave and bullish down sloping flag since last high.

Once RSI gets above 50 and MACD is above 0.0 the ratio is expected to move higher in 2017 to new highs.