Article provided by readtheticker.com

Gold Gann Angle Update
Created on: 5/30/2022 7:17:30 PM

gold-gann-angle-updateThe 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.



Bonds





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. 



Gold 1






Chart 3: Forest for the trees standard Gann Angles.



Gold 2



Divider




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.


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...

.."Money is made in tape reading [chart reading] by anticipating what is coming -- not by waiting till it happens and going with the crowd"...

Richard D Wyckoff


.."It does not take a majority to prevail, but rather an irate tireless minority keen to set brush fires of the freedom in the minds of men"...


Samuel Adams

..“It’s not what you own that will send you bust but what you owe.”..

Anon


.."Money couldn't buy friends, but you got a better class of enemy"..

Spike Milligan


..."The four most dangerous words in investing are 'This time it's different' "...

John Templeton




Who is readtheticker.com: We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

RISK DISCLAIMER
The information provided in this report should not be considered a recommendation to purchase or sell any particular security. There is no assurance that any securities listed herein will remain in an account's portfolio at the time you receive this report. It should not be assumed that any of the securities holdings listed were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable. In addition we do necessarily agree with or endorse any outside commentary within this newsletter. Third-party data providers make no warranties or representations of any kind relating to the accuracy, completeness, or timeliness of the data they provide and shall not have liability for any damages of any kind relating to such data.This material, or any portion thereof, may not be reprinted, sold or redistributed without the written consent of readtheticker.com. If you have received this electronic transmission in error, please notify us by email via readtheticker.com 'Contcact Us' page, Thank you.

Source: https://www.readtheticker.com/Pages/Blog1.aspx?65tf=4610_gold-gann-angle-update-2022-05