Are 10 Year US Notes and Gold and Silver Sharing The Same BEARISH Faith? - Elliott Wave

Hello fellow traders,

Metals are recovering, but we are not sure if the correction is already completed, because the 10Y US Notes just started its correction after a five-wave drop. What we want to say is that 10Y US Notes can see a bigger three-wave recovery and we think that metals will not be ready for further weakness until the 10Y US Notes completes its correction. So, either we will see a more complex and bigger correction on metals or they will just stay sideways.

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Trade well,

The EW-Forecast team

10Y US Notes vs. GOLD and SILVER, 1h

10year vs gold vs silver, 1h