For gold, what matters right now is real yields (nominal yields minus the rate of inflation). Unfortunately, the US rate of inflation is measured with what I call…
The Orwell Index.
$1,744.80 on gold is needed to break the current bearish set-up. Trading range in Gold being established, bears in control.
Gold prices are down 9% so far this year and saw a weekly loss after two weeks prior of gains.
In between supports and resistances. What prices to look out for in gold.
Positions as of 23 March, 2021.
I am not convinced that we have finished this volatility event.
Gold outside day down, is this a bear trap?
Fed Powell does not think inflation will take hold. Yellen also focused very much so on the employment situation.
Gold trend is up, bias is up, momentum is drifting down which is not bearish. If the bulls want to make a stand, where will they try to hold?
US stocks, bonds, and real estate are in the late stages of a financial market inflation cycle. A new cycle is beginning, and it is the inflation of Main Street America.