US 10-Yr Govt Bond Yield | Has the rate ripe for a decline?
US10YR has been rising after the completion of what looks to be an expanding leading diagonal wave A and currently now may be in terminal level for the corrective wave B which could possibly reach at or below 4%.
The yield is often related to the USDJPY pair and it is noticeably mimicing the pairs growth since its last drop from 129 level to current's 134.
The precious metal Gold (XAUUSD) too was hurt because of this rising yield from 1959 last high to as low as 1818 as of this posting.
We may possibly expect a shift in this market direction once the yield starts to cool down from its rise and can therefore be use as an added conviction for the Gold's bullish reversal.
@marketpainterph
#elliottwave
#marketpainterph
#XAUUSD
#GOLD
#US10YR
The yield is often related to the USDJPY pair and it is noticeably mimicing the pairs growth since its last drop from 129 level to current's 134.
The precious metal Gold (XAUUSD) too was hurt because of this rising yield from 1959 last high to as low as 1818 as of this posting.
We may possibly expect a shift in this market direction once the yield starts to cool down from its rise and can therefore be use as an added conviction for the Gold's bullish reversal.
@marketpainterph
#elliottwave
#marketpainterph
#XAUUSD
#GOLD
#US10YR
Trade active:
US10YR has declined after breaching our forecast of hitting the 4% psychological level. It may sooner finds rejection at or above 3% yield and then will continually rise to continue its uptrend.
#XAUUSD might be greatly affected for this yield growth.
#XAUUSD might be greatly affected for this yield growth.