The Gold market has also shown some vigor as it has once again regained the $1200 level and seems to be looking toward the higher end of its base. The wedge pattern below gets interesting above $1217:
Our final chart is of the US Treasury 2s30 yield curve, which has steepened lately but looks as if resistance is dead ahead and considering the likely hood of another 25bp hike next week, we suspect a turn back to flat is in order:
Ok, folks that does it, we hope you are having a great week and we thank you for reading our work, we can’t tell you how much we truly do appreciate it. As always, we hope you got something out of this and best of luck the rest of the week, Cheers!
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