When the Yields go UP the GOLD goes DOWN and vice-versa ,wait for the 10YR government bond yields to retest the broken trendline to enter ALL short on GLOD.As always please keep in mind that is a WEEKLY chart.
評論
AlbCM
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how did you define those dates in feb and may and why do you think it's not the opposite?
officecrs
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@AlbCM,
Hey there .YES I guess you can view it also as a break to the down side and now a retest of the broken trend line (The black one) but to answer your question why I am not considering it this way is the CROSS UP of the 20 with the 100 day moving averages.Until July 2016 price was below the 20 day moving average.Since the it crossed up trough the 20 and 100 day moving average and in my opinion this is just a retracement to confirm the BREAK to the the upside.Of course it is just my opinion and I welcome all the notes and feedback from all of you.Hope I answered your question.Also if you take into consideration the FUNDAMENTALS in correlation with the technical view,there are expected 4 increases in the us rates this year (I agree that this might not happened).yields tend to go up when the central bank raises rates.
AlbCM
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@officecrs, I got exactly the same dates but 7-13 Feb and mid-May are highs and lows respectively. What central banks do is largely irrelevant because it's them who follow the markets and not the other way around.