Will Gold sustain its Bull Move !!! DOW/GOLD ratio
As can be witnessed from the ratio chart of Dow vs Gold that its trading at its crucial support of 14.15 levels whereas the current ratio is 14.45. Correlation between the pairs is almost -0.98 which is a perfect negative correlation.
Hence we assume there is a minor space to fall till that crucial level of 14.14 levels. Any trade near that ratio may be bullish for the DOW and Negative for Gold.
If the ratio falls till that levels then the possible levels for the Dow would be :- 24400 levels.
Hence we assume there is a minor space to fall till that crucial level of 14.14 levels. Any trade near that ratio may be bullish for the DOW and Negative for Gold.
If the ratio falls till that levels then the possible levels for the Dow would be :- 24400 levels.
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