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Gold nears the August high as the December seasonal tailwind kicks off

Gold is off to a shining start in December and if you've read my monthly seasonal package for the past decade, you'll have a good idea of why. The Dec-Feb period for gold is one of the strongest seasonal patterns around and with Powell shifting to a less-hawish stance along with a retracement (top?) in the US dollar, there's plenty of reasons for the gold bugs to cheer. Even the implosion in crypto is good news for gold.

Beyond $1800, the August high of $1807 is the level to watch. Gold... Read More

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Content Topics

Gold

Nears

August

High

December

Seasonal

Tailwind

Kicks

Forex

Posted: Dec 1 2022, 14:20

Author Name: forexlive

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