Nifty / Gold nearing resistance

I keep track of this chart to see if Nifty is over valued or not.
Nifty/Gold gives fair value of Nifty in terms of gold. There is good trendline which it has been honoring as resistance.

We are seeing selling pressure at the same levels.

Comment:

Follow through daily H&S . . .

Comment:

We are back to same trend line...!

Break above 10.7 can be a game changer for nifty...