Gold Remains Bid While 10-Year YIELD Shows Signs of Downside Exhaustion

Spot GOLD has pushed through, and so far sustained above, its major resistance line from the Sept 2011 high at $1921.50, which cut across the price axis in the vicinity of $1353.

As long as Gold remains above the down trendline, the set-up points next to a challenge of key resistance at $1400, up to the Aug 2013 high at $1434.

So far today, YIELD on the 10-year US Treasury Bond has hit a new all-time low at 1.31%, but has since reversed up to 1.38%, which places YIELD in positive territory for the session.

At the same time, spot Gold has maintained its "bid," while YIELD has reversed, which might indicate that money-flows searching for safety may have reached near-term exhaustion in the bench- mark US Treasury, and now is laser-focused on protection in the Gold market?

If that proves to be the case, then Gold very well could head into a violent blow off of its own in the up- coming hours/days.