10 Year US Notes and Gold Facing Bearish Moves! - Elliott Wave
|Hello fellow traders,
Gold is the one we have to keep a close eye on it this week after that very nice five waves of decline from September high, followed by current complex correction. It can be flat with sub-wave C headed into 1520-1530 resistance where aggressive bears may step in.
Gold, 1h
The 10 year US note is also interesting for gold as it suggests more weakness as well, but after wave B rally that can be now in progress.
10 year US note vs gold, 4h
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