Good idea to always check the US 10 year treasury chart when buying gold.
The US 10 Year treasury yield chart (otherwise know as the 10 year note) as always talked about when talking gold, looks like it is overbought.
Meaning a likely bounce in gold.
Gold chart vs. US 10 year note comparison attached (moves in opposing directions).
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---|---|---|
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1 | 3000 | 16.470 |
1 | 6325 | 16.460 |
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Price($) | Vol. | No. |
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16.510 | 8276 | 3 |
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16.530 | 31540 | 6 |
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