OANDA:XAUUSD
The MONTHLY chart shows the ratio between the spot gold price
and the US inflation rate.
While overall, the ratio is quite stable or consolidated for a period
of more than 15 years.
Hpwever. y three episodes are noted where the ratio rose parabolically
including 2009, 2015 and the Covid 2022 time period
.
For the present, the RSI Swing Indicator...
Price is approaching its 1st resistance (horizontal swing high resistance, 38.2% &50% Fibonacci retracement,100% Fibonacci extension) where it is expected to reverse down to its support (Horizontal swing low support,78.6% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is...
