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Gold fades after a double top at $1850 but remains solidly higher on the day

One of the oldest, strongest seasonal patterns is gold strength in January. More recently, that trade has been front-run in December but it's certainly not dead given the uncertainty around deficits, the status of the US dollar and monetary policy.

To start the year it surged to $1850 and after a dip in Europe, it touched that level again but couldn't get convincingly through, leading to a double top and a dip to $1827. Yet the bulls regrouped and have bid it back to $1838, despite a st... Read More

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Content Topics

Gold

Fades

After

Double

1850

Remains

Solidly

Higher

Forex

Posted: Jan 3 2023, 19:02

Author Name: forexlive

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