gold has ignored any seasonal patterns over the last 6 months. from late spring onward, it has just gone down.
the seasonal right now says gold should bounce here, but gold is Not following its seasonal averages.
The rising interest rates from the Fed is too much of a headwind for any seasonal influence. The action I would like to see (as a gold bull) would be for the Fed continuing to act and speak with hawkishness and gold balking at further declines.
Similarly, the recent low was put in for stocks when the inflation number came in hot again and the market had a reversal higher. That low has held so far.
Gold~
inverted hammer goes to
bullish harami ..
DXY nearing +1 correlation
opinions welcome