Gold long. Gold is sensitive to real rates !
Fed funds rate is 0.1%
Gold is a real yields play not a nominal rates play.
Gold made a 3 sigma move due to US10's yield rising >0.6%
Technically it's a buy at H4 S/R.
Long term uptrend whilst fed is capping rates and expanding its balance sheet.
Take some profit off at last R/S
Looking really for the high.
Entry was on M15
The fib tool has been changed to show standard deviations of the Asian range approx.
Gold is a real yields play not a nominal rates play.
Gold made a 3 sigma move due to US10's yield rising >0.6%
Technically it's a buy at H4 S/R.
Long term uptrend whilst fed is capping rates and expanding its balance sheet.
Take some profit off at last R/S
Looking really for the high.
Entry was on M15
The fib tool has been changed to show standard deviations of the Asian range approx.