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Gold showing signs of going higher - momentum indicators are improving

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weekly RSI on TNX moved above 61.8. Last time when weekly RSI moved above this level, ten year yields rose from around 1.53% to around 1.76%.

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Weekly RSI moved just above 61.8. Last times when weekly RSI moved and stayed above 61.8, good things happened to the stock price.

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While technical picture looks good weekly RSI is approaching 61.8. That area has been a problem couple of times before. So, a move above would be significant.

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AMGN - shares haven't had a weekly close below $216 in over a year. This is a key level, needs to hold. Weekly RSI is around 38.2. Shares bounced off this RSI level several times in the past.

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Tesla weekly chart – RSI is approaching 61.8. This level acted as support (Nov 19, Oct 20) as well as resistance (Jun 18) in the past but when shares broke above 61.8 such as in Oct 19 and May 20, they went on a significant run.

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Looks like RSI 38.2 on 4 hr did act as support this time as was the case on previous occasions also. Looks like it wants to challenge resistance around 49,500 and then 50,500.

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COIN – momentum continues to weaken. Daily RSI has been within an upward moving channel but currently it is on the verge of breaking to the downside. If this were to happen, stock could be weak for some time. So, time is running out for COIN.

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$NET – momentum weakening on a daily basis. RSI backed off 61.8, currently above the RSI trendline; needs to hold that. Price is just above the daily 20 EMA. A close below the daily 20 EMA, around $119.50 opens the door to the daily 50 EMA, around $112.

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$DDOG – momentum weakening. Daily RSI trending lower; fell below the RSI uptrend line but at support at 61.8.If RSI falls below 61.8, there could be additional weakness ahead. Initial support is at the daily 20 EMA, around $128, then around $120.

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Weekly chart of US 10 year bond yield. Rates bottom around RSI 38.2 at the end of July 2021. RSI is currently approaching 50 level where there is resistance as was the case in Dec 2019. RSI 50 also provided support in Aug 2018. So, that level is significant. If RSI is able to move above that level, it would show clear intent that rates want to go higher, which...

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4 hr chart of BTC. RSI at 38.2 level. There was support at this RSI level on two previous occasions. Hopefully, this RSI level would provide support this time also. The only thing is that MACD is still falling which is concerning.

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Weekly RSI for XRP is still hovering near 61.8. The longer it stays around that level, odds of an eventual move above 61.8 would be high. The next logical RSI target would be first around 69.1 (Aug 2020) and then 78.6 (Apr 21)

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Weekly RSI is consolidating around 61.8 level. On previous occasions, there was profit taking from this level. The difference now is that instead of RSI backing off, it's coiling at this level which raises odds that RSI would break through this level. When RSI broke through this RSI level in Mar 2021, there was a substantial rise in price of XRP.

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Weekly chart of BTC with RSI around 61.8. This is a key RSI level as there have been profit taking in the past from this level. But, if RSI breaks and stays above this RSI level such as in Oct 2020, there could be substantial gain in BTC price.

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ETH is testing resistance at the fib 0.618 retracement around $3,350. Looks like it's building momentum for an eventual break through that level which opens the door for a move to around $3,800.

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Weekly chart of Biotech ETF, $XBI; looking bearish. A weekly close below $118 would be negative. Weekly RSI is at 38.2 level. Previously, this level provided support once. More often, RSI bottomed near 30. So, XBI is at a critical level.

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Weekly chart of the US Dollar Index, DXY. Currently above the previous weekly close of March 2021. Looking bullish; momentum indicators are all positive. Weekly RSI is approaching 61.8 level, which has been a problem in the past. So, RSI above that level would be significant.