10 Year US Notes and Gold Facing Bearish Moves! - Elliott Wave

Gregor Horvat Wavetraders

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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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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