Bringing in the seasonality chart for Gold priced in USD,

- one of many backgrouds to how and why years of our research where brought down to intraday analysis.

Chart updated as of Friday 12. of October 2018.

seasonalitygold

This seasonality chart of the year sites daily values from 2003 - 2017 up against 2018.

Most of this year has been trading inverse to the yearly seasonality. Present trading levels tries to find a bottom and break through resistance to the upside. The seasonality chart (Blue line) do show a sideways traded action until the 03. of December, and weakness into christmas before taking off into February. So interresting times.

Only time will show if this September and October lows maps a new platform to establish higher prices over the next few months.

 

A normal intraday for GOLD contains:

ONE BAR CHART NUMBER OF BARS INTRADAY
1 MINUTE 1380
5 MINUTES 276
10 MINUTES 138
30 MINUTES 46
1 HOUR 24
2 HOURS 12
4 HOURS 6
6 HOURS 4

 

...There are 1380 'one minute bars' in a tradingday, There are 276 'five minute bars' in a tradingday and so on.