#Gold will lose steam if yield does not relent..
Yield is the pivot of the world.
Yield is not relenting.... this can result in some major impact down the road. pic.twitter.com/DvkOUl20Ph
— Alok Jain \u26a1 (@WeekendInvestng) March 18, 2021
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What my simple analysis showed was the decadal breakout in making in #Gold along with the outperformance over S&P500 #SPX
Result?
1850$ to 2070$
Updated chart https://t.co/l6pEGD7r6D
Result?
1850$ to 2070$
Updated chart https://t.co/l6pEGD7r6D
Most interesting chart:
— The_Chartist \U0001f4c8 (@charts_zone) February 12, 2022
Orange line = Gold
Blue Curve = Gold/S&P 500
Previously the ratio crossed 50 days MA in Feb' 20 with Gold giving a breakout on the charts. The previous cross of 50 days MA didn't result in gold breaking out. pic.twitter.com/HRG1fvsILp