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 has printed a Buy Signal.


the MACD shows an early K/D crossover under the histogram.

Does this suggest an impending hard Bullrun for XAUUSD?

Please comment and offer your opinion.

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