U.S. 10-Year Treasury Yield Should Rise Soon

U.S. 10-Year Government Bonds made bears fall into a trap and confidently rebound from the horizontal level of 3.667%. As for now, the rate of this asset should retest this level and drop. Of course, in this case, the bond yield will rise. Also, the broken local downtrend, which is located next to the level of 3.667%, might offer additional support and raise the bond yield even more. So, let’s observe what is going to happen next.

The price of gold has reached the level of 2700 and formed engulfing at the end of the trading week. It might signify the upcoming correction. At this point, the price of this asset might target the supporting level of 2500, gain the required support, rebound, and rise. So, the price growth is likely ahead.

The price of the British pound is currently testing the uptrend. It might potentially undergo correction. In this case, the price of this asset is likely to target the supporting level of 1.3000, rebound from it, and rise. Time will tell whether this scenario might work out.

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