The lower panel of the chart shows the relationship between gold and US 10-year treasury notes (10 year) prices. It looks like whenever the ratio Gold / 10 year is getting very close to the upper, resistance line, gold is bouncing down.
Friday, August 11, 2017
Gold Bulls - Watch Out
After an impressive rally, gold prices are very close to generate a sell signal. Look at the chart below:
The lower panel of the chart shows the relationship between gold and US 10-year treasury notes (10 year) prices. It looks like whenever the ratio Gold / 10 year is getting very close to the upper, resistance line, gold is bouncing down.
The lower panel of the chart shows the relationship between gold and US 10-year treasury notes (10 year) prices. It looks like whenever the ratio Gold / 10 year is getting very close to the upper, resistance line, gold is bouncing down.
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