pomoziadam

10Y US Government Bond vs Gold

Short
TVC:US10Y   US Government Bonds 10 YR Yield
10Y US Government Bond reached an important decision and supply area, where bears can trigger the control again, boosted by ultra dovish FED. By technical side the RSI is overbought on the weekly timeframe, and the course is currently at a massive resistance + previous low + fibonacci retracements (61.8-78.6) + under/at 200 EMA, which shows dowside as well. I am waiting a lower high, and a counter trend break soon with a hidden weekly rsi divergence. Based on these, precious metals can shine again soon, it is time to reload long positions in the related assets.
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