Market Analytics and Considerations
Key Notes
- Gold is still gleaming abreast of important inflation numbers.
- The Fed continues to speak harsh on interest rates, but stocks continue to rise.
Notwithstanding the US Dollar’s gains against so many currencies, gold reached 8 – month high overnight.
The 10-year US real yield dropped below 1.35percentage points today, continuing its decline from a high of 1.6percentage points in late December.
The nominal Treasury note yield less the breakeven point rate of inflation for a similar timbre is the real yield. Because gold has no interest rate of return, adjustments in the real yield of investment alternatives could impact viewpoint towards its own worth.
Technical perspective – Daily
|
Name |
MA5 |
MA10 |
MA20 |
MA50 |
MA100 |
MA200 |
|
Gold |
1870.34 |
1854.48 |
1831.12 |
1789.17 |
1736.05 |
1780.21 |
|
Name |
Value |
Action |
|
RSI(14) |
68.594 |
Buy |
|
STOCH(9,6) |
76.368 |
Buy |
|
STOCHRSI(14) |
100.000 |
Overbought |
|
MACD(12,26) |
26.570 |
Buy |
|
ADX(14) |
42.195 |
Buy |
|
Williams %R |
-2.054 |
Overbought |
|
Name |
Value |
Action |
|
CCI(14) |
142.6950 |
Buy |
|
ATR(14) |
21.0643 |
Less Volatility |
|
Highs/Lows(14) |
36.8143 |
Buy |
|
Ultimate Oscillator |
57.161 |
Buy |
|
ROC |
5.113 |
Buy |
|
Bull/Bear Power(13) |
62.1280 |
Buy |
|
Buy:9 |
Sell:0 |
Neutral:0 |
Indicators Summary: Buy |
Pivots (Fibonacci)
|
Name |
S3 |
S2 |
S1 |
Pivot Points |
R1 |
R2 |
R3 |
|
Gold |
1864.70 |
1869.74 |
1872.86 |
1877.90 |
1882.94 |
1886.06 |
1891.10 |
