The U.S. Government Bonds 10 YR Yield has turned bullish on its 1D technical outlook (RSI = 60.193, MACD = 0.003, ADX = 38.653) as it crossed above the 1D MA200 again, with the 1D MA50 following right under it, with the two on an emerging 1D Golden Cross. We have anticipated that rebound from the HL of the Channel Up on our previous idea and our medium-term target...
•Gold price ticks lower on Monday following the post-NFP price action whipsaw.
•Elevated US bond yields act as a tailwind for the USD and exert pressure on the XAU/USD.
•A softer risk tone should help limit deeper losses as the focus shifts to the US inflation data.
Gold price (XAU/USD) staged a goodish intraday recovery of around $40 from over a two-week low...
This is the U.S. Government Bond 30Y Yield from 1988 until today. I chose this hyper long-term chart on the 1M (monthly) time-frame as with bonds being the talk of the month as for reasons that may move stocks, Gold etc lower, I wanted to get a good understanding of what the real long-term picture is.
This illustrates a clear and standard Channel Down. I have...
