Simple Gold Trading Strategy
Even if you’re looking to simply invest in Gold, and buy and hold for the long run, you can take advantage of our simple gold trading strategy. Use it to time the market, no matter your trading style. Our trading strategy makes it simple for you to see the change in gold trends. You can easily spot those buying and selling opportunities. For the purpose of this article, we’re going to look at the buy side. Step #1: Buy Gold in the trading months with above average return The first step is to make sure that you’re buying the months that Gold price has the tendency to rally. According to the gold seasonal pattern, the best months to buy gold and the best way to buy gold is in January, February, August, September, November, and December. The number one thing these months have in common is that the gold price return is above average during these trading months. Step #2: Wait until Gold retrace to the 0.618 Fibonacci Retracement of the previous market swing It’s not enough to ide...