Identifying a strong seasonal pattern in gold
From blog.hycmlab.com Watch this video at https://www.metalsmine.com/news/1195956-identifying-a-strong-seasonal-pattern-in-gold.You may have heard that gold tends to be strong around the end of the year. So, how to choose a great time of seasonal strength for gold? With Seasonax tool you can identify a strong seasonal pattern. Choose which date to start and use the de-trend button to make it easier to recognise true seasonal patterns. What does visually look promising? Looking at the period of December 19 – 31, we can see that over the last 15 years Gold has gained over 85% of the time and made a 1.57% return on average. Major Trade Risks: If the USD strengthens and real yields rise that could weaken gold. So an aggressive expectation for US rate hikes can invalidate this outlook.