NFTRH+; an Update on ‘THE’ Ratio

Not often do I like to micro-manage indicators as if to give them more importance than they deserve. But this one is different.

The Gold/SPX ratio continues to hold the rising SMA 200 on the daily chart. It’s a must for the positive gold sector view to continue.

gold spx ratio

The weekly chart lends perspective, showing that the area of the SMA 200 above is also clear longer-term support.