Hi everyone,
The chart is valid since 1986 and there is only one person who trades that channel is Warren Buffett. Now its on really good resistance and as you know there is a counter correlation with the 10Y Bond Rates and Commodities (not always ofc, the real interest is also impartant bla bla).
My expectation is that market has priced most of the FED's interest rate decision for the May and June. If quantitative tightening (QT) doesn't kill the markets, I expect the GOLD and SILVER to go higher levels. They also on the support lines. We will see..
The chart is valid since 1986 and there is only one person who trades that channel is Warren Buffett. Now its on really good resistance and as you know there is a counter correlation with the 10Y Bond Rates and Commodities (not always ofc, the real interest is also impartant bla bla).
My expectation is that market has priced most of the FED's interest rate decision for the May and June. If quantitative tightening (QT) doesn't kill the markets, I expect the GOLD and SILVER to go higher levels. They also on the support lines. We will see..