NIFTY : GOLD Ratio — Renko View

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NIFTY : GOLD Ratio — Renko View

Interesting historical pattern emerging on the NIFTY-to-GOLD Ratio!

Using Renko Charts, the Smoothed RSI has shown a unique recurring behavior:

2009, 2012 & 2020

— Whenever RSI dropped below 20 and
— Made a lower low vs previous trough
→ Equities reversed sharply thereafter

We are witnessing the same setup again, with RSI sub-20 and breaking the previous bottom.

Keeping fingers crossed for another reversal in favor of equities and medium-term allocations into India’s growth cycle.

History doesn’t repeat — but it often rhymes.

Nishesh Jani,CFTe

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