Swiss Franc Suggesting Gold Will Fall For Years To Come

Published 11/02/2014, 12:38 AM
Updated 07/09/2023, 06:31 AM
USD/CHF
-
GC
-

Gold vs Swiss Franc Overview

Three years ago the Power of the Pattern shared that each time the Swiss franc hit its resistance line (1), Gold was flat to down for years to come. (see post here) At the time of the post, Gold was trading near $1,900 per ounce and was hitting 10-year resistance line (2) at (3). 

Since that posting, Gold has declined over $700 per ounce, losing about a third of its value. 

Is a 30% decline enough? I wanted to give you an update on the dual price action between the franc and gold at this time.

Franc vs Gold Monthly

As you can see, both the franc and gold are breaking below a 13-year support line at the same time. 

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.