Gold Price Seasonal Trend Analysis / Commodities / Gold & Silver 2019
SEASONAL ANALYSIS
The most reliable seasonal patterns are for a strong January and February, weak April, May and July followed by a strong August and September which tends to be the best month of the year. Then the trend is expected to continue into the end of the year with variable reliability for October and November.
So how has the gold price performed this year against its seasonal pattern ?
The seasonal pattern has proved remarkably accurate so far this year! Which therefore suggests we should see the Gold price strengthen during June, take a breather during July before attempting to breakout higher during August and September.
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Nadeem Walayat
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Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
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