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King Dollar Breaks 7-Year Support, Sends Bullish Message To Gold!

Courtesy of Chris Kimble

This chart looks at the US Dollar/Gold Ratio on a monthly basis over the past 25-years.

Since the 2001 highs, the ratio has created a series of lower highs, reflecting that the US Dollar is losing ground to Gold.

A lower high in the ratio took place back in 2015, where it started creating lower highs again.

The weakness of late has the ratio breaking below 7-year support at (1).

This weakness by the ratio continues to send a bullish message to the Gold market!

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