Goldbees - last 13 years historical analysis of Gold price

TradingFunda

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Goldbees - Here's the last 13 years historical analysis of Gold price. X axis represents whats the average returns made in the respective months for last 13 years, and Y axis represents total sum of returns for each month, the highest returns from Gold has come from Jan and Aug.

Data shows that though people tend to buy gold jewels in festive season in the month of Sep/Oct, the price increases much before the festive season starts. 12 out of 13 times Aug month ended up in positive returns with average returns of 4.29%.

If you plan to buy Gold, better invest in GoldBees at the end of July & exit it in Aug month and book profits, and use that money to buy Jewels when festive season arrives.
GoldBees Historical Analysis.PNG

Credit : Squareoff
 
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