Gold Price Drops as US Treasury Yields Push Higher

Talking Points: – A stronger US Dollar on the back of higher US Treasury yields (both nominal and real) has paved the way for lower Gold prices. – Gold’s symmetrical triangle, previously eying topside resolution, has failed and broken to the downside. – Sentiment for the US Dollarhas started to turn contrarian bullishmidway though Q2’18. […]

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DAX Drops into Trend-line Support, Hourly Chart in View

What’s inside: The DAX drops hard into June trend-line Needs to quickly find support or increases likelihood of sustaining additional losses 60-minute chart in view with short-term levels and notations In yesterday’s session, the DAX gapped higher by about 40 points and quickly found sellers above the 10/28 high. The resulting gap-n-trap sell-off ended with […]