{"id":47434,"date":"2024-01-18T08:20:30","date_gmt":"2024-01-18T08:20:30","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=47434"},"modified":"2024-01-18T08:21:37","modified_gmt":"2024-01-18T08:21:37","slug":"gold-testing-2000-as-dollar-edges-higher","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/18\/gold-testing-2000-as-dollar-edges-higher\/","title":{"rendered":"Gold testing $2000 as Dollar edges higher"},"content":{"rendered":"<p>Ten-year Treasury yields are edging higher, testing short-term resistance at 4.10%, but Trend Index peaks below zero still warn of weakness.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-18-tnx.png?resize=525%2C404&#038;ssl=1\" alt=\"10-Year Treasury Yield\" width=\"525\" height=\"404\" \/><\/p>\n<p>Remarks by Fed governor Waller may have reduced the prospects for an early rate cut in March:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-18-waller.png?resize=525%2C367&#038;ssl=1\" alt=\"Dollar Index\" width=\"525\" height=\"367\" \/><\/p>\n<p>The Dollar Index broke its descending trendline and resistance at 102.50, suggesting that a base is forming. But another test of 100 remains likely.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-18-dxy.png?resize=525%2C404&#038;ssl=1\" alt=\"Dollar Index\" width=\"525\" height=\"404\" \/><\/p>\n<p>Gold broke below $2025 and is testing support at $2000 per ounce, Trend Index peaks below zero warning of further selling pressure.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-18-gold.png?resize=525%2C404&#038;ssl=1\" alt=\"Spot Gold\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>Gold&#8217;s direction is largely dictated by the Dollar which is in turn influenced by long-term interest rates. The Fed is still in an easing cycle and we expect further weakness in long-term Treasury yields and the Dollar, fueling demand for Gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ten-year Treasury yields are edging higher, testing short-term resistance at 4.10%, but Trend Index peaks below zero still warn of weakness. Remarks by Fed governor Waller may have reduced the prospects for an early rate cut in March: The Dollar Index broke its descending trendline and resistance at 102.50, suggesting that a base is forming. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/18\/gold-testing-2000-as-dollar-edges-higher\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold testing $2000 as Dollar edges higher&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,9,34,35],"tags":[69,1073,3204],"class_list":["post-47434","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-gold-precious-metals","category-us-canada-countries-regions","category-us-dollar-index","tag-10-year-treasury-yield","tag-dollar-index","tag-spot-gold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold testing $2000 as Dollar edges higher - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold testing $2000 as Dollar edges higher - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Ten-year Treasury yields are edging higher, testing short-term resistance at 4.10%, but Trend Index peaks below zero still warn of weakness. Remarks by Fed governor Waller may have reduced the prospects for an early rate cut in March: The Dollar Index broke its descending trendline and resistance at 102.50, suggesting that a base is forming. &hellip; Continue reading &quot;Gold testing $2000 as Dollar edges higher&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/18\/gold-testing-2000-as-dollar-edges-higher\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-18T08:20:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-18T08:21:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.incrediblecharts.com\/images\/2024\/2024-01-18-tnx.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/18\/gold-testing-2000-as-dollar-edges-higher\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/18\/gold-testing-2000-as-dollar-edges-higher\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Gold testing $2000 as Dollar edges higher\",\"datePublished\":\"2024-01-18T08:20:30+00:00\",\"dateModified\":\"2024-01-18T08:21:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/18\/gold-testing-2000-as-dollar-edges-higher\/\"},\"wordCount\":127,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/18\/gold-testing-2000-as-dollar-edges-higher\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2024\/2024-01-18-tnx.png\",\"keywords\":[\"10-Year Treasury Yield\",\"Dollar Index\",\"Spot Gold\"],\"articleSection\":[\"Banks &amp; 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. 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Expect retracement to test resistance at 4.0% but respect is likely to confirm our medium-term target of 3.8%. Stocks Falling yields failed to lift stocks, with the S&P 500 testing support at 5400. Declining\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-01-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-01-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-01-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":57467,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/09\/13\/gold-breaks-out-to-new-high\/","url_meta":{"origin":47434,"position":1},"title":"Gold breaks out to new high","author":"Colin Twiggs","date":"September 13, 2024","format":false,"excerpt":"Gold broke resistance at $2,525 per ounce, signaling another advance with a target of $2,600. Silver also made solid gains as the Dollar weakened. Markets anticipate a Fed rate cut at next week's FOMC meeting, with 10-year Treasury yields below 3.7%. The S&P 500 rally continues, approaching another test of\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-09-12-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-09-12-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-09-12-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":56661,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/08\/13\/gold-threatens-breakout-as-stock-pause-ahead-of-cpi-report\/","url_meta":{"origin":47434,"position":2},"title":"Gold threatens breakout as stocks pause ahead of CPI report","author":"Colin Twiggs","date":"August 13, 2024","format":false,"excerpt":"The rally in stocks paused ahead of tomorrow's CPI update. However, gold threatens another breakout, boosted by low Treasury yields and a weakening Dollar. Stocks The S&P 500 stalled below resistance at 5400. The Trend Index peak below zero warns of strong selling pressure, and another test of support at\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-12-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-12-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-12-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":21193,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/08\/07\/gold-up-trend-accelerates\/","url_meta":{"origin":47434,"position":3},"title":"Gold up-trend accelerates","author":"Colin Twiggs","date":"August 7, 2020","format":false,"excerpt":"10-Year Treasury yields are testing long-term support at 0.50%. Trend Index peaks below zero warn of further weakness ahead. The 10-year TIPS yield reached another record low of -1.06% on Wednesday (-0.97% last Thursday). Falling real interest rates enhance the appeal of Gold relative to Treasuries. A falling Dollar further\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19817,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/22\/gold-soars-as-treasury-yields-fall\/","url_meta":{"origin":47434,"position":4},"title":"Gold soars as Treasury yields fall","author":"Colin Twiggs","date":"February 22, 2020","format":false,"excerpt":"10-Year US Treasury yields broke long-term support at 1.50%, warning of another test of record 2016 lows at 1.33%. The yield curve can be expected to invert any day now, with the 10-year\/3-month differential headed for zero. The Dollar Index is testing resistance at 100. Breakout would signal a long-term\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12494,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/11\/09\/gold-testing-1100ounce\/","url_meta":{"origin":47434,"position":5},"title":"Gold testing $1100\/ounce","author":"ColinTwiggs","date":"November 9, 2015","format":false,"excerpt":"Solid job numbers have boosted the prospects for an interest rate hike before the end of the year. Employment is growing steadily, having exceeded its 2008 high by more than 4.2 million new jobs. Unemployment is falling as job growth holds above 2.0 percent a year. Interest Rates and the\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Employment and Unemployment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-10-jobs-unemployment.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-10-jobs-unemployment.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-10-jobs-unemployment.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/47434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=47434"}],"version-history":[{"count":2,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/47434\/revisions"}],"predecessor-version":[{"id":47436,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/47434\/revisions\/47436"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=47434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=47434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=47434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}