34 year Gold Seasonal Chart


In case you have not seen it yet, the above chart is the 34 year seasonal chart of Gold from MRCI.  You can see clearly from this chart that after a final low at the end of August (which is only 14 trading days away from today), gold enters a very strong seasonal tendency that kicks off during the month of September and then carries through towards end of December.

To be sure, this chart does not guarantee a huge move in September, but it does say that the probabilities are highest for such a move during that month.

Could it be that the gold price is going to go into a final low during the next 14 trading days?  I don’t know, but I do know that the next month and a half are likely to be very interesting months for the gold sector.

Posted in Gold Market, Trading Cycles

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