|
|
|
Created on: 5/30/2022 7:17:30 PM Last Update: 5/30/2022 7:34:20 PM Posted by: RTT
1 POST
Gold Gann Angle Update
|
 The gold to long bond relationship is about to allow gold price to move higher.
US Economic data has sunk, the economy has been slammed with higher oil prices, higher inflation, supply chain issues and corporate profit troubles. The rise of growth fears over high inflation fears will play on the US 10 year interest rate mostly likely keeping rates under 3% if not much lower. Lower 10 yr interest rate tend to mean higher gold prices (chart 1). Peak inflation fear may have passed.
The US dollar has also enjoyed a strong rally on much higher US inflation reports relative to the European Union, however this is changing as inflation in Germany is hitting all time highs and the ECB may have to hike rates faster and further than the FED, likely to send the EURUSD much higher. Also news items like COVID in China and war in the Ukraine are coming to an end, peak fear has passed, which gives more support for a higher EURUSD. Good for gold and silver.
Chart 1: The 10 year interest rate relationship to gold price in US dollars.
Click for popup. Clear your browser cache if image is not showing.
Chart 2: Gold price is following the Gann Angles draw from zero (red lines), the blue lines offer a time zone as to the acceleration of price higher.
Click for popup. Clear your browser cache if image is not showing.
Chart 3: Forest for the trees standard Gann Angles.
Click for popup. Clear your browser cache if image is not showing.
NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
Support this work by buying us a hot drink by CLICKING HERE. If you would like make greater contribution, please make a donation by CLICKING HERE
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
..."All a man needs to know to make money is to appraise conditions."...
Jesse Livermore
.."Just because you do not take an interest in politics doesn't mean politics won't take an interest in you"..
Pericles
.."A government is the most dangerous threat to a man's rights: it holds a legal monopoly on the use of physical force against legally disarmed victims"..
Ayn Rand
.."It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong"..
George Soros
After a question on how to become a better investor professional Mr Munger responded, ..“Read history, read history, read history."..
Charlie Munger
|
|
|
|
We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
|
|
 | Pages |
| | 1. Blog Performance Review |
| | 2. List of the best blog posts |
| MostRecent |
|  | Gold Stocks Review |
| | Cycle Review |
| | RTT browsing latest.. |
| | Gold Gann Angle Update |
|  | Powell has a debt problem |
 | Ney(1) |
 | | US Dollar with Ney and Gann Angles |
 | Crypto Currency(23) |
| Central Banks(11) |
| Crisis Watch(9) |
| Wyckoff(2) |
| Cycles(4) |
| Gann(13) |
| Chart Review(12) |
| Browsing(114) |
| RTT TV(15) |
| Sector Watch(27) |
| RTT Tools(43) |
| Wyckoff 2.0(42) |
| Mystery Trader(6) |
| | Elliot Wave within Wyckoff Logic |
| Market Strategy(70) |
| Cycle Review(66) |
| Swing Trade Idea(48) |
| Market Calls(23) |
| Investors(105) |
| | Hidden Pivot Point and Wyckoff logic |
| News(7) |
| Bonds(18) |
| | Higher interest rates for the 2020s (RTT Plus) |
| Metals and Forex(156) |
| Gann Wyckoff Hurst(119) |
| Wall Street(25) |
| Ticker Review(35) |
| Uncategorized(2) |
| | Bitcoin Chart Review |
| Market Review(95) |
| Jokes(28) |
 | Economic(89) |
| | Powell has a debt problem |
| | Powell doing a Volker to crush inflation, yeah right! |
| | Bubble Watch - Maybe it only just started, Dow 50000 - Update 1 (RTT Plus) |
| | Bubble Watch - Maybe it only just started, Dow 50000 (RTT Plus) |
| | US is bound by these economic rules (RTT Plus) |
| | Dow Jones Utility index could trade like the FANGs |
| | Funds are getting ready to move out of USA |
| | US Economic Review 2019Q4 |
| | Bond Market, Houston we have a problem! |
| 202206(3) |
| 202205(5) |
| 202204(3) |
| 202203(3) |
| 202202(2) |
| 202201(4) |
| 202112(5) |
| 202111(4) |
| 202110(3) |
| 202109(5) |
| 202108(5) |
| 202107(8) |
| 202106(9) |
| 202105(7) |
| 202104(4) |
| 202103(7) |
| 202102(6) |
| 202101(8) |
| 202012(3) |
| 202011(5) |
| 202010(3) |
| 202009(4) |
| 202008(4) |
| 202007(4) |
| 202006(3) |
| 202005(5) |
| 202004(4) |
| 202003(10) |
| 202002(5) |
| 202001(5) |
| 201912(5) |
| 201911(5) |
| 201910(7) |
| 201909(5) |
| 201908(4) |
| 201907(5) |
| 201906(5) |
| 201905(7) |
| 201904(5) |
| 201903(8) |
| 201902(5) |
| 201901(6) |
| 201812(4) |
| 201811(5) |
| 201810(7) |
| 201809(4) |
| 201808(6) |
| 201807(5) |
| 201806(4) |
| 201805(7) |
| 201804(6) |
| 201803(4) |
| 201802(7) |
| 201801(6) |
| 201712(7) |
| 201711(6) |
| 201710(7) |
| 201709(5) |
| | Gold Gann Angle Update |
| | How Wall Street works |
 RSS
Atom
FeedBurner| Email Delivery
Blog Links
Symbols used in blog
AAPL AMZN AORD AUY BA BB BMY BTC COP CRUDE DIA DJI DJT DJU DXY ETH EUR FB FCX FXE GDX GDXJ GLD GOOG HL HMY HPR HUI INDU JJC JNJ LTC MCD NCM NEM NFLX OIL PALL QQQ RGLD SLV SPY SSEC SSRM TLT TNX TRAN TYX UAN URG UTIL VIX XAU XLE XLU
|