Sir can you please share from where to start learning about comodity trading. like exchange MCX, intrument like GOLD-1 are seen only on NSE and not MCX. Is Gold-1 an instrument like a share or is it a future etc

your observation of comparing nifty with ratio chart of gold/nifty is correct and corroborated on chart. Please observe the marked circles with reference to the parallel channels drawn on 30 min time frame. when the lower ratio chart is at top of channel nifty is at bottom and vise versa. so if ratio is at top nifty is at bottom and will make new high in near term.

money flows out of equity into gold, so gold will show the top or bottom after a while when equity has topped/bottomed. comparison of Nifty and mcxgold chart shows this clearly. gold price is above covid high and after Nifty corrects will go higher.