You may have heard that gold tends to be strong around the end of the year. So, how to choose a great time of seasonal strength for gold?
With Seasonax tool you can identify a strong seasonal pattern. Choose which date to start and use the de-trend button to make it easier to recognise true seasonal patterns. What does visually look promising?
Looking at the period of December 19 – 31, we can see that over the last 15 years Gold has gained over 85% of the time and made a 1.57% return on average.
Major Trade Risks: If the USD strengthens and real yields rise that could weaken gold. So an aggressive expectation for US rate hikes can invalidate this outlook.
HYCM clients can access the Seasonax product in order to analyse over 25,000 currency pairs, indices, commodities, as well as individual stocks. Please contact your account manager for a free trial. Certain products & services mentioned herein may or may not be available to all clients depending on which HYCM Capital Markets Group entity their trading account(s) adheres to.