It is not the first time we use the SPX/GOLD ratio (S&P500 to XAUUSD) for a macro analysis and certainly each time it manages to offer us different and very helpful insights. This time on the 1W time-frame, the ratio is consolidating these past 2 weeks but after having broken in late May - early June above the 2022 Lower Highs trend-line.
That alone is a strong...
The SPX/ Gold ratio appears to be signaling that a near-term bounce may be in order for equity markets, potentially accompanied with relative weakness in gold.
As you can see there is a very clear gap within the ratio that is yet to be filled, the gap is present at approximately 2.00, in other words, the points of the SPX will need to be twice the price of spot...
