Year1
- g：
- 12g
- g：
- 15g
- g：
- 17g
Foreign financial website d said that the year can be determined from historical patterns and future events May will be the best time to buy gold. Historically, gold's upward momentum has weakened in the late months of the year. Although judging from this year's performance, the monthly performance is still good. But throughout history bears have used China's National Day holiday in May to suppress gold this year as well.
In addition, with the end of the rainy season and the peak period of weddings in India, the gold buying tide will gradually become more and more frenetic. Traders who have been investing in gold for a long time know that demand in India is critical for gold and this year's monsoon has given investors hope that demand in India will start to strengthen.
Generally speaking, there are two types of gold investors: short-term speculation and long-term investment. Short-term short sellers are accustomed to selling on highs, and many people will leave the market after a decline. Bulls will cash out part of their positions but keep their core positions unchanged. But now as the end of the year approaches.
Furthermore, for the gold market, gold corrections rarely take shape and most of them take shape. The recent decline in gold may be the first low. The drivers mentioned above may give gold a small boost in the coming months. The subsequent re-entry of shorts and profit-taking by bulls will eventually lead to the next low. Completed the ultimate rebound in the month.
The above chart compares today's gold mining stock index with corrections in 2016. All years have risen sharply after corrections. Among them, the trends in both year and year were in the positive trend, and in the second year, it fell again after getting out of the positive trend. However, it is worth noting that the correction will not bottom out smoothly but will fluctuate several times. Therefore, investors need to pay close attention to the upcoming shocks and take action at the appropriate time. In addition, if investors look carefully at the chart above, they will find that the time is also very interesting. Both the annual and annual corrections lasted for months. Looking back, the price of gold this year started to fall from the beginning of the month, and then it happened to be next month.
Of course, in addition to gold itself, the U.S. dollar exchange rate and interest rate are also very important. The U.S. dollar has been a major factor in gold's move lower this month. The U.S. dollar index rose .% in the first two weeks of the month, breaking a range high not seen since the spring. And because the Federal Reserve is now very close to the conditions for raising interest rates and is likely to choose to raise interest rates again this month, gold will fluctuate under the influence of quarterly pressure and interest rate increases, but if the historical pattern still exists, gold will rebound at the beginning of the year.
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