ads Banner
Link https://www.cryptoder.com/en
Ads Banner
ForexFunction Logo

"Forex trading involves a high level of risk"

GICM Banner
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

Gold Vs US 10 year and US 2 year spread | December 6, 2018



Print PDF

Gold has shown a minor jump of nearly $8 yesterday on declining US 10 year yield. It is currently trading around $1239.01.

The major three factors that drive gold prices

  US dollar Index: Neutral. DXY is trading flat after hitting high of 97.20.The index is facing strong support around 96.60 and any violation below targets 96/95.68. US Dollar index’s previous high is around 97.69 and any further bullishness only above that level.It is currently trading around 97.03.(Neutral for gold ).

USD/JPY: Weak. The pair has lost nearly 100 pips from high of 113.66. It is currently trading around 112.70. The near term support is around 112.40 and any break below targets 112/11.37. positive for gold .

 US 10 year yield : US 10 year yield is trading weak and lost more than 2%. it is holding well below 200 day MA. It hits low of 2.88% and is currently trading around 2.89%.Positive for Gold .

 US 2 year yield: It is trading slightly lower and spread between US 10 year and 2 year has decreased sharply to 10bpbs from 30 bpbs. The spread between 5 year and 2- year yield has inverted for the first time since 2007.

Gold technical

Major support $1183



Major resistance - $1243



 On the higher side, major resistance is around $1243 and any convincing break above $1243 will take the commodity till $1250/$1260.

The near term support is around $1230 and any violation below will drag the commodity down till $1219 (55-day EMA )/$1211.

 It is good to buy on dips around $1233-34 with SL around $1227 for the TP of $1243/$1250.



 



Submit Your Comments:

 Forex Trading VPS


FOREX FUNCTION MEMBERSHIP

FX PREMIUM SIGNAL & AUTOCOPY
Email & Twitter SMS Alert | Secured & Errorless Auto Copy | Support All Broker & Account Types | Premium eBooks, Analysis & Strategy | Custom Risk Management

Plan NameBuy LinkEmail AlertTwitter
SMS Alert
Signal Auto
Copier EA
Free VPS
(1-3 Months)
Monthly Target
(Minimum)
Price
(Montly)
Price
(Quarterly)
Price
(Semi-Annually )
Price
(Annually)
Setup
AUTO COPY Subscribe NowYes Yes Yes Yes*
(Min 3 Month Subscription)
500+ Pips $25 23$ 20$$15Via Live Support
SIGNAL ALERT Subscribe NowYes Yes No No 500+ Pips $14 12$ 9$$7No Need
CashBack View DetailsYes Yes Yes Yes 500+ PipsFree Free FreeFreeVia Support

FF FOREX VPS
Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !