Brief Update: Dec. 18, 2024
Move lower in gold today can be entirely attributed to gold’s 10yr yield factor. All other gold factors were unchanged on the day.
30yr T-bond price is now back to the same recurring support zone that marked its prior local-low in November.
Gold is now in a strong support zone bounded by its 100d EMA (which marked its Nov 14 low) and mid-cycle (+54%) recu…