Bond notes on Monthly Lows / Recovery will be Bearish for Gold

TVC:US05Y   US Government Bonds 5 YR Yield
It is well known that Gold is tightly correlated with Bond notes, which are showing apparent recovery candles. I am on a strong Sell side regarding Gold's Medium-term and a slightest recovery on Bond notes could engage the historic decline on Gold . DX did approach the #92.80 Support but Gold remained more or less stationary Hourly 4 chart making a mere Lower High #1,955.80, highlighting the strong Bearish pressure it is under. The Hourly 4 Channel Down had no further room to go, so I don't expect this consolidation to continue. My focus shifts to the Fed leaving the rate unchanged due to the ties on Stock markets. Trading Gold is tricky for inexperienced and Traders, situations such as this one, even if we see all Bullish setups, this is not a good sign for those who want to Buy this market on Long-term (most of Traders will) as the more prominent area for Buyers to keep an eye on, having seen how well it held Price-action Lower in late November. This is a cautious market at the moment. As soon as Bond notes engage the recovery, Gold will initiate historic decline towards #1,700.80 zone.
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Professional market analyst and Financial consultant with over #8 Years experience. I specialize Gold market using specific proven mathematical models. I provide market insights and Professional guidance.


Great analysis especially for Gold
+1 Reply
goldenBear88 AbSoleimani
@AbSoleimani, Many thanks for kind words!
I agree with you! It’s time for bear correction! Long overdue
This was well timed and thanks for sharing this idea. We recently featured it in our Weekly Digest Newsletter
Gold is still gonna buy.
Great perspective. I'll keep that in mind. Thanks a lot.
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