![\"10-Year](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-11-19-tnx.png?w=525&ssl=1\" "\\"10-Year")
<\/p>\nInterest rates are climbing steeply as the market anticipates more inflationary policies under a Trump presidency. 10-Year Treasury yields broke through 2.0 percent and are testing resistance at 2.50. Penetration of the descending trendline would warn that the long-term primary down-trend is weakening, signaling a test of 3.0 percent. Breakout above 3.0 is still some way off but would signal the end of the almost 30-year secular down-trend in Treasury and bond yields.<\/p>\n
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The Chinese Yuan has fallen sharply in response to rising interest rates, with the Dollar headed for a test of resistance at 7.0 Yuan (USDCNY).<\/p>\n
![\"USDCNY\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-11-19-cny.png?w=525&ssl=1\" "\\"USDCNY\\"")
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Gold responded to rising interest rate expectations with a test of primary support at $1200. Narrow consolidation is a bearish sign, as is reversal of 13-week Momentum below zero. Breach of primary support would signal a primary down-trend with an immediate target of $1050\/ounce.<\/p>\n
![\"Spot](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-11-19-gold.png?w=525&ssl=1\" "\\"Spot")
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In the long-term, higher inflation and a weakening Yuan could both fuel demand for gold as a store of value. But the medium-term outlook is bearish.<\/p>\n","protected":false},"excerpt":{"rendered":"
Interest rates are climbing steeply as the market anticipates more inflationary policies under a Trump presidency. 10-Year Treasury yields broke through 2.0 percent and are testing resistance at 2.50. Penetration of the descending trendline would warn that the long-term primary down-trend is weakening, signaling a test of 3.0 percent. Breakout above 3.0 is still some … <\/p>\n