USD to Yen XJY vs gold
A combo chart of USD to Yen vs gold in bottom panel.
A rising ratio is bearish for gold and declining ratio is bullish for gold
It is one of Rambus master price chart !!!!
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Only problem (for gold bulls) is that in your first chart, the ratio is tracing out a bull flag. A breakout would send gold plunging…
…or perhaps I should call it a bullish pennant.
That is contrary to other indicators??? Who is right?? Or the pennant is bearish.