Cardano and gold beyond jobs

Cardano still looks good by several technical measures. The US jobs report came and went with yields extending their plunge, Nasdaq leading indices to new highs, metals holding firm and the US dollar coming off its highs ahead of the July4th Weekend. It was another case of stronger than expected payrolls +850K, unexpected rise in the unemployment rate to 5.9% from 5.8% and average hourly earnings remaining a soft +0.3% m/m.  As for Cardano, the 3 charts below highlight it is making the transition from stabilisation to ascent, while Bitcoin remains supported above the 28K/29K H&S target. How about gold? It quietly rose $40 this week, with our WhatsApp Broadcast Group members riding the wave from $1853/55. As long as real yields continue to chart the same pattern shown in last week's video, buyers are here to stay.

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