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SteveTan
Aug 23, 2021 5:49 AM

US10 yrs yield VS Gold. 1.00 first then 2.00? 23/8/21 

United States 10 Year Government Bonds YieldTVC

Description

I'm currently viewing US10 years bond yield as a "gauge" for negative correlation for Gold market instead of equity index e.g. SPX . As their correlation efficient rate now is about 80% ...And we might see 1 more leg up in US10 years Bund toward around 2.000 to complete last leg of tripe zig zag wave which is wave (Z) (Cyan /Light Blue)... So we might have 1 more leg down for Gold till around 24 Sept 2020..
Comments
UnknownUnicorn3221790
I like the thinking here. So puzzled as to what happens when fed rates (and real rates) are forced down. Crazy times, nice TA!
SteveTan
@Skrivitor, Thank You!
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