We observe that starting from 1st April until 3rd August , TNX has dropped continuously and XAUUSD increased as a response to this action.
In a similar way, TNX has been increasing gradually since early August , and there is a pullback in XAUUSD.
In my opinion, the destiny of Gold ( or in general ) precious metals ( i.e. XAGUSD as well ) is highly correlated and dependent on the TNX ( 10-year treasury note yield ).
So, in the next two weeks, I will be watching TNX closely to take a position in Gold ( short or long.. ) we will see..
Please keep in mind that TNX is forming a triangle here and I see higher-lows in the past two weeks. Breakout level is around 1.00 - 1.10 I think...
( This is my own view and definitely not a trading advice. )
In a similar way, TNX has been increasing gradually since early August , and there is a pullback in XAUUSD.
In my opinion, the destiny of Gold ( or in general ) precious metals ( i.e. XAGUSD as well ) is highly correlated and dependent on the TNX ( 10-year treasury note yield ).
So, in the next two weeks, I will be watching TNX closely to take a position in Gold ( short or long.. ) we will see..
Please keep in mind that TNX is forming a triangle here and I see higher-lows in the past two weeks. Breakout level is around 1.00 - 1.10 I think...
( This is my own view and definitely not a trading advice. )
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.