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Gold’s Most Bullish Month

Published 08/04/2015, 11:03 AM
Updated 07/09/2023, 06:31 AM

Gold is at an interesting crossroads. Sentiment couldn’t be much worse and the technical picture is putrid. However, we are entering what has historically been by far the most bullish 5-week stretch of the year.

Seasonal Gold

The clear bullish bias lasts all the way through Labor Day (September 7). We will be interested to see where the precious metal sits one month from now; will seasonal tailwinds prevail or are the bear’s teeth sunk too deep for bulls to resist?

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Oh Tommy, when will you learn!!. Even a broken clock shown correct time twice a day. When was the last time you were correct?. . I quote "Sentiment couldn’t be much worse and the technical picture is putrid. However....". That "however" really got me. Classic Tommy!! Ignore sentiment, ignore technicals and follow seasonals because Tommy wants to go long..
What makes u bullish on Gold? There is none country in the world have appetite in Gold anymore, and the US is keep flying high and u think Gold will bullish. How about SELL for 1070 SL 1099. Later if achieved SELL again for 1037.89. In my count, 1035 is where I suspect will act as rebound point
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