BullBearMkt

Gold Most Likely To Be Bullish With Good Returns In July!

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Seasonality , gold is favoured to be bullish in July and August with great average returns. Statistically, there is 65% chance that gold will end the month positive than negative, it's even better for the month of August with a 68% probability of ticking up!

Having said that, gold's channel is weakening on H4 and may decline. A break below 1790 may cause gold looking for a support. But gold could also find strength IF the swing high at 1818 could be violated. In any case, looking at the statistics, long trades seems more logical in July...

N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...

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