applying the Elliott Wave theory - JSE charts at: jsecharts.blogspot.co.za/ - click image to enlarge
Tuesday, 8 May 2018
DXY v XAU/USD v US10YT
See how the increase of the US 10 yr Treasury rate affects the $US index and the spot $US gold price. First they go contrarily, then once they get a bump they reluctantly move with some related reality.
But is this new found reality here to stay? Has the FED now lost it's grip?