US10Y Hits a Major Resistance Cluster — Could This Trigger a Relief Rally in Risk Assets?
The U.S. 10-Year Treasury Yield has rallied strongly over the past 2–3 days, tightening financial conditions and adding pressure across Gold, Bitcoin, and U.S. equities.
But US10Y has now entered a major technical confluence that could change the short-term picture.
The yield is trading inside the 5.55%–4.93% Resistance Zone, while also approaching:
Major PRZ: 5.16%–5.25%
Upper trendline of the Ascending Channel
Monthly Resistance 5
Yearly Resistance 2
From an Elliott Wave perspective, US10Y also appears to be completing Wave 5, increasing the probability that corrective waves could begin from this area.
I expect the U.S. 10-Year Treasury Yield to potentially start declining from the current resistance structure.
If that happens, falling yields could ease financial conditions and provide support for $XAU , $BTC , and major U.S. stock indices.
Trade Setup
First TP: 5.03%
Second TP: 4.95%
Stop Loss: 5.29%
This makes the current US10Y resistance cluster one of the most important macro areas to watch.
Which level will US10Y reach first?
🔴 4.95%
🟢 5.29%
#US10YT
The U.S. 10-Year Treasury Yield has rallied strongly over the past 2–3 days, tightening financial conditions and adding pressure across Gold, Bitcoin, and U.S. equities.
But US10Y has now entered a major technical confluence that could change the short-term picture.
The yield is trading inside the 5.55%–4.93% Resistance Zone, while also approaching:
Major PRZ: 5.16%–5.25%
Upper trendline of the Ascending Channel
Monthly Resistance 5
Yearly Resistance 2
From an Elliott Wave perspective, US10Y also appears to be completing Wave 5, increasing the probability that corrective waves could begin from this area.
I expect the U.S. 10-Year Treasury Yield to potentially start declining from the current resistance structure.
If that happens, falling yields could ease financial conditions and provide support for $XAU , $BTC , and major U.S. stock indices.
Trade Setup
First TP: 5.03%
Second TP: 4.95%
Stop Loss: 5.29%
This makes the current US10Y resistance cluster one of the most important macro areas to watch.
Which level will US10Y reach first?
🔴 4.95%
🟢 5.29%
#US10YT
