Loading ...$GOLD:$CRB
The market has not been kind to gold bugs these past 7 years. However the reality is that the yellow metal has been more loved than lets say iron, or copper, or even oil since way back in 2005. It is overbought today on the $CRB ratio, but that trend can continue. Is that a GOLD peek-a-boo above a big ole flag pattern?
Good find Foxy.
Sure looks like a breakout.
Thanks Silver Fox! I see that nearly every time the RSI on the $GOLD:$CRB ratio hit 80, the ratio pulled back or consolidated sideways. Current RSI is also slightly above 80. Perhaps we’ll see a backtest of the top rail of your channel from 2016 through 2018!