Gold Investors Weekly Update: Mar 1, 2024
The long awaited breakout for gold is now at hand. It started on Friday with the gold price exiting to the upside from its recent symmetrical triangle pattern. Catalyzing the move was the 10yr T-Note yield breaking lower and particularly below its key 100d EMA level (and similarly for the 30yr yield). This further reinforces that the local-high for yiel…