Gold will continue to be under pressure

١٢ يناير ٢٠٢١

After a 10-year yield breakout higher Gold has set a new lower high only to re-instate its bearish trend since August 2020. Gold has a perfect correlation with TLT, and this relationship rarely fades out. With the breakdown in TLT (150 level), Gold will probably establish a new lower low in the short-term.