Bond rally nearing an end?

Looks like oil might be completing a double-top too.

 

ya, that chart looks scarily bearish... let's see if there's some follow through

 

$680 looks like a top for gold.

 

Do I hear $700, going once, once twice .......

 

I'm looking at the COMEX June contract.

If the dollar is not able to recover from the G7 jitters then I agree, the next stop will be $700.

 

The hourly TYM6 chart is doing everything necessary to suggest upside reversal--everything that is except actually reversing.

 

I'd like to see a lower low in the Dollar with positive divergences in the RSI/MACD. But we'll see.

I don't have a 5 wave count in gold yet from the recent lows. But looking for an int. term top here too, like you.

 

Sorry I've seen you post from time to time about TYM6.
What is TYM6, the 10yr ..... ?

 

yes sorry--10 yr June 06 futures

 

Got outta my shorts, too much anticipation for tomorrow's payroll num... If i miss a move, don't really care, options action has clearly been bottom picking so wouldn't be suprised if we get a bounce...