Bullish Signal As Gold And Silver Ignore Bad News

www.investing.com/analysis/bullish-signal-as-gold-and-silver-ignore-bad-news-200615307

By Jordan Roy-Byrne, CMT | Jan 20, 2022 12:05AM ET

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XAU/USD

+1.77%

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-0.29%

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Gold

+1.72%

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Real yields have broken out to a new 52-week high. The market has priced in 4 rate hikes in 2022. Long-term yields have risen. The dollar is near its recent high. All of this and Gold has held strong and pushed higher. It is very bullish when a market ignores bad news.

The key technical level for Gold is trendline resistance at $1850-$1855. Then you have weekly, monthly and quarterly resistance at $1900. The initial risk is Gold gives back this gain and loses $1830 by the end of the week. If not, and Gold breaks past $1850-$1855 then it could rise as high as $1900 during this move.

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Jan Buyle Jan 20, 2022 4:23AM ET

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Real interest rate to me is (10 year Yield - inflation)... If you do that, you will see real interest rates are less than -5%. And that my friends is ultra bullish for gold...

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Mr Doodl Jan 20, 2022 4:23AM ET

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sure. ultra bullish. for 18 months it was the same and now with the rising yields it rally looks ultra bullish.wait for it!

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Chris Johnson Jan 20, 2022 2:08AM ET

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Would be nice to see your charts supporting this

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Central Banks

Interest Rates

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FED

5.50%

Dec 13, 2023

ECB

4.50%

Dec 14, 2023

BOE

5.25%

Dec 14, 2023

SNB

1.75%

Dec 14, 2023

RBA

4.35%

Dec 05, 2023

BOC

5.00%

Dec 06, 2023

RBNZ

5.50%

Feb 28, 2024

BOJ

-0.10%

Dec 19, 2023

CBR

15.00%

Dec 15, 2023

RBI

6.50%

Dec 08, 2023

PBOC

3.45%

BCB

12.25%

Dec 13, 2023

US 30	36,259.0	+308.1	+0.86%
US 500	4,596.3	+28.5	+0.62%
Dow Jones	36,245.50	+294.61	+0.82%
S&P 500	4,594.63	+26.83	+0.59%
Nasdaq	14,305.03	+78.81	+0.55%
S&P 500 VIX	12.63	0.00	0.00%
Dollar Index	103.125	-0.303	-0.29%

Crude Oil WTI	74.38	-1.58	-2.08%
Brent Oil	79.56	-1.30	-1.61%
Natural Gas	2.777	-0.025	-0.89%
Gold	2,073.20	+35.10	+1.72%
Silver	25.490	+0.197	+0.78%
Copper	3.9195	+0.0690	+1.79%
US Soybeans	1,323.75	-18.25	-1.36%

U.S. 10Y	4.209	-0.015	-0.36%
U.S. 30Y	4.392	-0.025	-0.55%
U.S. 5Y	4.141	-0.013	-0.33%
U.S. 3M	5.388	-0.000	-0.00%
US 10Y T-Note	110.45	+0.98	+0.90%
Euro Bund	133.38	+1.03	+0.78%
10-2 Yield Spread	-34.38	+2.26	+-6.17%

Apple	191.24	+1.29	+0.68%
Alphabet A	131.86	-0.67	-0.51%
Tesla	238.83	-1.25	-0.52%
Amazon.com	147.03	+0.94	+0.64%
Netflix	465.74	-8.23	-1.74%
Meta Platforms	324.82	-2.33	-0.71%
Bank of America	30.95	+0.47	+1.53%

Bullish Signal As Gold And Silver Ignore Bad News

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