This chart looks at the US Dollar/Gold Ratio on a monthly basis over the past 25-years.
Dollar/Gold Ratio Chart
Since the 2001 highs, the ratio has created a series of lower highs, reflecting that the US dollar is losing ground to gold.
A lower high in the ratio took place back in 2015, where it started creating lower highs again.
The weakness of late has the ratio breaking below 7-year support at (1).
This weakness by the ratio continues to send a bullish message to the Gold market!