Top Step
Weekly Commodity Analysis: Topic: Gold Page 1, Page 2, Page 3, Page 4, Page 5
| Seasonal studies: The obvious seasonal tendency is for gold to have a low before Christmas and the spring wedding rush. This time frame of June, July and Aug, as the chart below shows, did seasonal occur. The mid June low that developed broke $173.50 per ounce basis the Dec Gold. | As the market rebounds from this seasonal event, October is well noted as major seasonal high event, a precursor to the Jan, Feb highs. The May was unseasonably strong that it may cause a rippling affect with some strong possibilities to see an counter seasonal low in Oct. Or the more bullish scenario would be see the recent coiling action as slight pause in the market with a blow off top in January or February, time will tell... NEXT |