Gold ..bulls took control of day trend at NY close today
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Disliked{quote} Boulder the day trend change on Gold, are you saying we are on a new bull trend?Ignored
Disliked{quote} Sorry, What i meant is how the dollar correlate with 10yr yield?Ignored
Disliked{quote} yes.. since day reversed to uptrend.. its good to buy dips.... since day trend lasts a long time about 30 days at average..Ignored
Disliked{quote} after 1919 was hit last time. I expected a big drop to 145x.. It may take a year +. 1833.xx may be a normal retrace before a deeper drop. So after 1833 look for evidence. Note; that all time frames on that chart, are bullish. So 1833.6 should be monitored. It has to present some drop evidence. By the time evidence is proven, it may be hundreds lower. So start on the lower tf and see what happens. you may be stopped out many times. See what happens in the next 5$ toward 1833.63 ish. Some R may unfold at 1833.70 {image}Ignored
Disliked{quote} put them both on the same chart. then study the correlation. You will be the expert. a higher rate mostly means a stronger usd. the higher the bond demand. the lower the rates can be. low bond demand =higher rates to encourage people to buy them. As a general rule, but not always.Ignored
DislikedSL survived and added 1.1788 .. I'm hoping the price can close the week above 1.18s (1.1820+ even better), which could be enough momentum to push for 1.20s next week, or closer to 1.19s. I am also long GOLD from 1797 (i have a 25$ SL) hoping we can attempt 1820 and break above for a weekly close. Should open 1850/70 with new support of 1795.... a weekly close below 1795 would not be idealIgnored
Disliked{quote} after 1919 was hit last time. I expected a big drop to 145x.. It may take a year +. 1833.xx may be a normal retrace before a deeper drop. So after 1833 look for evidence. Note; that all time frames on that chart, are bullish. So 1833.6 should be monitored. It has to present some drop evidence. By the time evidence is proven, it may be hundreds lower. So start on the lower tf and see what happens. you may be stopped out many times. See what happens in the next 5$ toward 1833.63 ish. Some R may unfold at 1833.70 {image}Ignored
Disliked{quote} Gold is testing that 1833.67/.70 area. Momentum points up on all tf, I use. Find some evidence of the opposite. That may take some time. Or it may not come. High atm is $1834.14 {image}Ignored
Dislikedif eu closes 4h below 1829.4. it may be able to cancel the hammer (1820.6) and drop further. I may have been wrong about 1872/73. I still have pendings there. The 12h has closed higher. so I still wait. see chart {image}Ignored