$TNX is the yield for the 10 year US Treasury.
Is the Fed done raising rates?
If so, it should be bullish for the PMs and for commodities.
Chartology says a pattern on top of a breakout pattern should have a bullish outcome.
But bullish for $TNX is bearish for commodities – and for GOLD.
What’s hiding in Pandora’s box, Mr. Powell?

Daily Chart

Weekly Chart