Can higher projected US02Y impact GOLD price ?

TVC:US02Y   US Government Bonds 2 YR Yield
US02Y has been trading to attractive levels fibonacci levels of 50% resulting in formation of bullish flag. Price is projected to go to 5.5% according to flag pattern. Recent NFP had higher than expected unemployment claims. Will this scenario attract investors to buy more bongs ?

What do you think will be impact of bullish bonds yield to the price of GOLD ?


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