Captain Ewave
Captain Ewave Articles
The short-term dip in rates indicated by our wave counts is likely related to a stock market tumble. Both the projected tumble and the following inflationary rise in rates to follow are good for gold!
The US 10-year Bond Yield has completed wave i at the 5.021% high and we are now correcting that 5-wave impulsive sequence within wave ii, which has the following retracement levels:
Gold is also now breaking above the major downtrend line connecting 2080.70, 1987.60 and 1953.00, which is suggesting that we are going to be moving sharply higher from here!
Trading Recommendation: Go Long gold. Use puts as stops. Active Positions: Long gold, with puts as stops!
