TipTVFinance

Gold – bullish break likely on falling bond yields

FX:XAUUSD   Gold Spot / U.S. Dollar
Resistance - $1335.33, $1358.10, $1378

Support - $1328, $1320.67, $1310

  • Falling bond yields across the globe continues to support gold             prices. Even the EM/Asian bond yields are taking a hit. Taiwan 10-yr government bonds declined to a record low of 0.7246% today. Japanese bond yields slipped further to record lows, especially at the short-end of the curve.
  • Consequently, the metal could see a day end closing above $1328 (expanding channel breakout). Such a move would signal a continuation of the rally from the December lows and open doors for a rise to Cypher Leg C at $1378 levels.
  • On the other hand, a failure to stay above $1328 followed by a break below $1320.67 (23.6% of May low-June high) today could yield a drop below $1300 levels.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out