3.2 Stabilization of Bond Yields and Early-Month Stock Buying Flow

This article does not indicate or recommend trading timings.

Please make your own investment decisions.

As described in yesterday's analysis, as it fell due to rebalancing, stocks were bought with the flow at the beginning of the month.

The temporary decline in bond yields also became favorable material, and a slight sense of caution can be said to have subsided.

It has returned to a good level, and the rate from here onward will be important.

The author confirmed a 31,200 roll reversal and then confirmed a breakout from the short-term downtrend before NY to go long.

I took profits at the reached 31,600 that I aimed for in the analysis.

I didn’t expect it to break through easily, and I think after some consolidation around this area, the direction will be determined.

If a short-term solver bottom becomes visible, I plan to reconsider then as well.

A trade aimed at a clear flow move.

Successfully retested 1,760.

It was firmly bounced back and fell.

Since it is not correlated with the dollar index, it is worth noting that it will not be bought on the basis of dollar valuation.

What to watch are the interest rates and the chart of gold itself.

However, since the descending channel is also moving fairly cleanly, I think there will be a one-time gas release around the $1,700 vicinity, near the flat area of around $1,700.

Originally, it would be better to watch down to 1,670, but at least for a short at 1,760, I would like to lock in profits around 1,700.

From a swing trader's perspective, it should be kept in the upper range up to $1,850, and if the channel continues to move cleanly, it may reach around the upper edge of the channel.

Foreign exchange market analysis