After last week's auction which sparked US yields to rise it was obvious that a GDP miss in Japan would fuel US yields to higher intra-day highs. $US10Y and $USDJPY are closer correlated than $DXY and $USDPY because Japan is the largest holder of US Treasuries. Keeping all this in mind tomorrow Yellen will likely pivot back to hawk triggering gold to dip back to...
If 2.3 is breached (and neckline of h&s formation), then expect all those post election gaps to be filled all the way down to 1.85. Invalidate with daily close above RS top Should coincide with USD drop and gold rally
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards :) Aaron
Today in unusual inter-market relationships we have Copper/Gold vs the US10Y. I need to think about this more to grasp its claims upon reason, if indeed there are any!
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Come back to me end of next year.
The divergence is crazy. I believe we will close the gaps meaning the yield on the government bonds with come down and gold will rise.
Looking to bounce for the next few weeks to get above the trend line.
10-year Treasury Note yield (TNX) is going to climb towards 3% by Q4'17.
1. Head&Shoulders Pattern 2. ABCD Pattern 3. 3 Drivers Pattern 4. Long Time Head&Shoulders Pattern