The above Ratio Chart shows the Gold:XAO ratio. Gold being the Gold ETF traded on the Australian stock market and prices Gold in Ozzie Dollars.This chart acts as a buy/sell signal for both Gold and the XAO as Gold in Ozzie Dollars tends to act inversely to the XAO.
Currently, the ratio is in an elongated symmetrical triangle. A break upwards would be a "buy" signal for Gold and a "sell" signal for the XAO.
Currently - no action is required.
Cheers
Red
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