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.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.