Today, I will be posting a preview of gold trading set up. US market review will be release tomorrow. I have taken a gold trade on 30th December 2021, rationale as follows, 1) Gold Seasonality Gold seasonality chart ( Source : Seasonax ) Seasonally speaking, based on past historical average, Gold has a tendency to rally from End December till mid-end February, as shown in chart above. The chart shows the tendency to rally / drop, but the magnitude is not implied ( which means it could either rally a little bit or rally a lot, to USD1860 or USD 1920 or USD 2000 , or worse… not rally at all and fall subsequently)
Preview of Gold trade - 30th/31st December 2021
Preview of Gold trade - 30th/31st December…
Preview of Gold trade - 30th/31st December 2021
Today, I will be posting a preview of gold trading set up. US market review will be release tomorrow. I have taken a gold trade on 30th December 2021, rationale as follows, 1) Gold Seasonality Gold seasonality chart ( Source : Seasonax ) Seasonally speaking, based on past historical average, Gold has a tendency to rally from End December till mid-end February, as shown in chart above. The chart shows the tendency to rally / drop, but the magnitude is not implied ( which means it could either rally a little bit or rally a lot, to USD1860 or USD 1920 or USD 2000 , or worse… not rally at all and fall subsequently)