Gold and Silver have a unique relationship with the US10Y since 2011.
Gold+Silver have always had a cool-off period when the US10Y relative touches this range bottom.
Nov US10Y auctions = gold/silver cool-off period.
The bond market MIGHT disagree with rate cuts again.
Gold+Silver have always had a cool-off period when the US10Y relative touches this range bottom.
Nov US10Y auctions = gold/silver cool-off period.
The bond market MIGHT disagree with rate cuts again.
ノート
Just to talk to the elephant in the room, the 2020 COVID crash is an anomalous event of this range.However, there is some truth behind the saying that if the trend breaks the range bottom, then Gold will continue to rise much higher, as seen in the 2020 correlation pattern.
Assuming no black swan event, I would expect the 10-year yields to rise, and gold and silver to cool off in the short term.
ノート
For clarity, the trend can also continue up even if yields drop. It'll go up if yield decline > gold+silver decline.トレード稼働中
Playing out nicely, I expect the 10Y to rise now and drag some risk assets up, contrary to rate cuts.Still early days, this doesn't play out overnight. I expect a Nov month of rising yields and gold to remain in a cool off period.
ノート
A double top or LH on Gold here would be poetic of the 2011 pattern.This is still slowly playing out, but I would keep an eye out for Gold and silver retracement and an increasing 10-year yield in December.
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。