I don't trade the TNX, just observe. It looks like a rally is forthcoming. It could just be a bounce.....
Sometimes the 10 year yield has a positive correlation with the US dollar. Sometimes the positive correlation disappears due to quantitative easing or heavy demand in the dollar. It is on;y visible afterwards when it is almost too late.
With that said, the current level in the TNX looks like a level of support that may give a bounce to the US dollar.
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felix997
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it is not good for gold if we go to 3.09 we have to make a move up but 1.83 seem a good place to go