U.S. Treasury YIELD Continues to Decline While GOLD Prepares for Upside Continuation

 

Since last Friday's better-than-expected Jobs Report, when 10-year YIELD popped to 2.35%, it has stair-stepped to the downside relentlessly to today's low at 2.07%.

It is amazing that 10-year YIELD can drop 12% in one week (!), but that is the distorted world in which we currently find ourselves.

Meanwhile, for most of this week, spot GOLD has been in a digestion period above its key near-term upside-breakout plateau at $1208, in what looks like preparation for another thrust to the upside that hurdles $1238/40, on the way to $1255/60 next.

Only a break below $1214/07 support will compromise the promising chart set-up.


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