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Prepare To Add To Gold Positions

And, gold tends to increase from June through September. Let us try to validate this seasonal cycle with vibrant cycles.

Here is an article about gold prices appear to heading higher. , if you desire to check out the initial article you can find the link at the bottom of this post.

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Chart 1: Monthly Expected Return- Gold

The seasonal pattern favors higher rates. CYCLES RESEARCH INVESTMENTS LLC

Both the weekly and the month-to-month cycles are bottoming in the recently of April. All 3 of the monthly buy signals have actually caused higher rates in the past twelve months. Five of 8 weekly buy signals have succeeded in the in 2015.

Chart 2: Gold Monthly Cycle

The regular monthly cycle is bottoming. CYCLES RESEARCH INVESTMENTS LLC

Chart 3: Gold Weekly Cycle

The weekly cycle is also striking a low. CYCLES RESEARCH INVESTMENTS LLC

The technical readings validate the cycle lows in the next week; gold has actually backtracked 38.2% of its August-February rally and is oversold. The gold open interest put/call ratio is reflecting excessive bearishness, which is a plus for the bulls. The first objectives remain in the $1303-$ 1307 location.

Chart 4: Daily Gold

We discovered this fantastic post at https://www.forbes.com/sites/greatspeculations/2019/04/22/prepare-to-add-to-gold-positions/ By: Bill Sarubbi

This correction seems at an end. CYCLES RESEARCH INVESTMENTS LLC

Both the weekly and the monthly cycles are bottoming in the last week of April. The technical readings validate the cycle lows in the next week; gold has backtracked 38.2% of its August-February rally and is oversold. The gold open interest put/call ratio is reflecting extreme bearishness, which is a plus for the bulls.

Let us try to confirm this seasonal cycle with vibrant cycles.

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