{"id":35656,"date":"2026-11-11T10:40:53","date_gmt":"2026-11-11T10:40:53","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=35656"},"modified":"2026-11-11T10:40:55","modified_gmt":"2026-11-11T10:40:55","slug":"yields-gold-nov-2026","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/","title":{"rendered":"Yields are Rebounding Higher Once Again: This Time For Inflation Risks, Not Oil"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">CPI came in hotter yesterday, with headline inflation at 0.4% and core at 0.3%, both 0.1 percentage points above expectations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, easing US\u2013Iran tensions have pushed oil prices lower, although Tehran&#8217;s insistence that negotiations are not underway and Hormuz remains restricted keeps energy inflation risks alive.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Nevertheless, US Treasury yields surged overnight<\/strong>, printing strong bullish daily candles:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2 year yield \u2192 3.94%<\/strong><\/li>\n\n\n\n<li><strong>5 year yield \u2192 3.12%<\/strong><\/li>\n\n\n\n<li>10 year yield \u2192 2.38%<\/li>\n\n\n\n<li>20 year yield \u2192 1.75%<\/li>\n\n\n\n<li>30 year yield \u2192 1.57%<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">That has created an interesting technical read on our daily and 4H charts, suggesting a reversal may be in the works &#8211; so <strong>higher for longer yields.&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">More importantly, the 2y yield is rising faster than the 30y, creating another obstacle for the <a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/gold-eyes-4150-breakout-as-us-cpi-threatens-fed-rate-hike-expectations\/\">bullish gold<\/a> thesis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bear in mind that this coming <strong>Friday&#8217;s US PPI report (Nov 13)<\/strong> could either reinforce this outlook or turn it on its head.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Yield Charts Analysis<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Below are the US 2y, 5y, 10y, and 30y charts (left to right in that order).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The orange band is the <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/exponential-moving-average\/\">20 day EMA<\/a> with 1 standard deviation; you can achieve this visual indicator by using the <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/bollinger-bands\/\">Bollinger Band<\/a>.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We use these bands to assess the strength of each US yield trend. Once yields break beyond the upper or lower band, they tend to maintain that direction, often retesting the band without breaking through to the opposite side.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Daily Timeframe Chart:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1704\" height=\"1350\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-32.png\" alt=\"\" class=\"wp-image-35662\" style=\"aspect-ratio:1.263157894736842;width:912px;height:auto\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-32.png 1704w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-32-300x238.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-32-767x608.png 767w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-32-1024x811.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-32-1536x1217.png 1536w\" sizes=\"auto, (max-width: 1704px) 100vw, 1704px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Notice how the 2y yield is running ahead of the others; and from a technical perspective, it looks like a bullish consolidation moving into the breakout stage (if this were an equity, gold, or crypto).&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Currently, it is threatening a break of the orange band, and that means a flip into a bullish trend, where yields can find support on the band on retraces.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The other yields are lagging behind &#8211; but the 2y yield is potentially a leading indication of how yields may collectively move higher in the near future.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>4H Timeframe Chart:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the 4H timeframe, the trend that is most cleanly suppressing yields on the 4H timeframe is the 50-EMA (1sd).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Notice how US 2y, 5y, 10y, and 30y have all collectively broken upwards of their trends.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That behavioural change suggests a retracement into these bands from here could produce a continuation.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"2046\" height=\"1350\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-33.png\" alt=\"\" class=\"wp-image-35669\" style=\"aspect-ratio:1.5178875638841567;width:891px;height:auto\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-33.png 2046w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-33-300x198.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-33-767x506.png 767w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-33-1536x1013.png 1536w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-33-1024x676.png 1024w\" sizes=\"auto, (max-width: 2046px) 100vw, 2046px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">We\u2019ll be keeping a close eye on this in the upcoming hours and days.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Gold is once again in Non-Constructive Conditions<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Whenever the 2y yield rises faster than the 30y yields, gold tends to stay suppressed to the downside.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The black line below is the Gold price and the candles represent the difference (Spread) between the US-2y and US-30y yield.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"2040\" height=\"1344\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-34.png\" alt=\"\" class=\"wp-image-35672\" style=\"aspect-ratio:1.5185810810810811;width:899px;height:auto\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-34.png 2040w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-34-300x198.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-34-767x505.png 767w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-34-1024x675.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-34-1536x1012.png 1536w\" sizes=\"auto, (max-width: 2040px) 100vw, 2040px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Notice how the yield spread has broken above the 20D-EMA (1sd) again. The previous times this happened, the spreads continued to widen, and gold continued to slump.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This on a technical level suggests that even if Gold rises, it is fighting against conditions that are favouring gold to the downside.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Gold 4H Chart:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A quick read of this chart suggests that <strong>gold is currently sandwiched<\/strong> between support at 4,034 and resistance at 4,100 to 4,150.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, a break higher from here could see gold test the 4,180 &#8211; 4,220 resistance, where a more significant <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/anchored-vwap\/\">anchored vWAP<\/a> sits.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1755\" height=\"1344\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-31.png\" alt=\"\" class=\"wp-image-35657\" style=\"aspect-ratio:1.3074581430745815;width:859px;height:auto\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-31.png 1755w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-31-300x230.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-31-1024x784.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-31-768x588.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-31-1536x1176.png 1536w\" sizes=\"auto, (max-width: 1755px) 100vw, 1755px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">We also must acknowledge that the 4H-50 EMA (1sd), visualised in green, <strong><em>was<\/em><\/strong> <strong><\/strong>the suppressive force on the Gold 4H chart.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And currently is now hinting at 4H momentum to the upside.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Therefore, short term upside is not out of the picture. It\u2019s just that gold is fighting a lot of resistances if it is to make its way higher.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are also two <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/fair-value-gap\/\">Fair Value Gaps<\/a> that could kick in as resistance should we begin to make that journey towards 4,150.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Note that if the PPI on Friday comes in more dovish than expected, we could see this \u201cbullish outlook\u201d on yields &#8211; and therefore bearish outlook on Gold and equities &#8211;&nbsp; flip around.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Take car<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Treasury yields rebound as hotter CPI reignites inflation fears. Technical signals point to further upside, raising risks for gold and equities.<\/p>\n","protected":false},"author":159,"featured_media":35681,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[17],"class_list":["post-35656","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-opening-bell"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Yields are Rebounding Higher Once Again: This Time For Inflation Risks, Not Oil - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"US Treasury yields rebound as hotter CPI reignites inflation fears. Technical signals point to further upside, raising risks for gold and equities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yields are Rebounding Higher Once Again: This Time For Inflation Risks, Not Oil - Alchemy Markets\" \/>\n<meta property=\"og:description\" content=\"US Treasury yields rebound as hotter CPI reignites inflation fears. Technical signals point to further upside, raising risks for gold and equities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Alchemy Markets\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-11T10:40:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-35.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1376\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Ber\u00e4knad l\u00e4stid\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minuter\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Yields are Rebounding Higher Once Again: This Time For Inflation Risks, Not Oil - Alchemy Markets","description":"US Treasury yields rebound as hotter CPI reignites inflation fears. Technical signals point to further upside, raising risks for gold and equities.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/","og_locale":"sv_SE","og_type":"article","og_title":"Yields are Rebounding Higher Once Again: This Time For Inflation Risks, Not Oil - Alchemy Markets","og_description":"US Treasury yields rebound as hotter CPI reignites inflation fears. Technical signals point to further upside, raising risks for gold and equities.","og_url":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/","og_site_name":"Alchemy Markets","article_modified_time":"2026-11-11T10:40:55+00:00","og_image":[{"width":1376,"height":768,"url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-35.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Ber\u00e4knad l\u00e4stid":"4 minuter"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/","url":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/","name":"Yields are Rebounding Higher Once Again: This Time For Inflation Risks, Not Oil - Alchemy Markets","isPartOf":{"@id":"https:\/\/alchemymarkets.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/#primaryimage"},"image":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-35.png","datePublished":"2026-11-11T10:40:53+00:00","dateModified":"2026-11-11T10:40:55+00:00","description":"US Treasury yields rebound as hotter CPI reignites inflation fears. Technical signals point to further upside, raising risks for gold and equities.","breadcrumb":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/#breadcrumb"},"inLanguage":"sv-SE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/"]}]},{"@type":"ImageObject","inLanguage":"sv-SE","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/#primaryimage","url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-35.png","contentUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/11\/image-35.png","width":1376,"height":768},{"@type":"BreadcrumbList","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/yields-gold-nov-2026\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/alchemymarkets.com\/"},{"@type":"ListItem","position":2,"name":"Market Insights","item":"https:\/\/alchemymarkets.com\/education\/market-insights\/"},{"@type":"ListItem","position":3,"name":"Yields are Rebounding Higher Once Again: This Time For Inflation Risks, Not Oil"}]},{"@type":"WebSite","@id":"https:\/\/alchemymarkets.com\/#website","url":"https:\/\/alchemymarkets.com\/","name":"Alchemy Markets","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/alchemymarkets.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"sv-SE"}]}},"_links":{"self":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights\/35656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights"}],"about":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/types\/market_insights"}],"author":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/users\/159"}],"replies":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/comments?post=35656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/media\/35681"}],"wp:attachment":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/media?parent=35656"}],"wp:term":[{"taxonomy":"market_insights_categories","embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights_categories?post=35656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}