Stand back to admire gold

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Looking at the seasonality of gold, it is not until January that the probabilities shift in the favour for bulls. What we look for to determine a potentially good month, is where around 30 years of shows a particular month has had a positive average return combined with positive months over 50% of the time. December has provided neither metric over the past 30 years. But we we’ll show in today’s video, prices remains precariously close to a key support level which will trigger a monthly bearish reversal candle if breached.

 

 

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