Inverse correlation between Gold/copper VS. Yield
We have a very nice inverse correlation between Gold/Copper (XAUUSD/CPRUSD) VS. TNX ( 10 year yield).
in the red zone we see TNX going down while The Gold/copper chart resist to go up...
Maybe ( and just maybe ) TNX was making a bull flag and according to this inflation we may see more upside from TNX and then Gold/Copper will go down.
My goal range for TNX is about 1.92 while we are approaching to the end of the year and we may see Gold again in 1600$ range.
Going up in TNX will hit the bond market and a lot of money will flow into stock market ( positive for #SPX #SPY), and the result will be drastic uspide move into stock market.
How long will this continue, is the question.
What s your IDEA ? put it in comments.
in the red zone we see TNX going down while The Gold/copper chart resist to go up...
Maybe ( and just maybe ) TNX was making a bull flag and according to this inflation we may see more upside from TNX and then Gold/Copper will go down.
My goal range for TNX is about 1.92 while we are approaching to the end of the year and we may see Gold again in 1600$ range.
Going up in TNX will hit the bond market and a lot of money will flow into stock market ( positive for #SPX #SPY), and the result will be drastic uspide move into stock market.
How long will this continue, is the question.
What s your IDEA ? put it in comments.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.