GOLD's seasonal cycle. Don't miss the strongest sell signal!

Gold has entered its 5 year Resistance Zone (1350 - 1365). This alone is an immediate sell signal. What's even more interesting though (and a stronger reason to go short on Gold) is the cycle that the metal tends to seasonally follow every 1.5 years.

The chart speaks by itself. I have distinguished two time periods: 2017/18 and 2019/20. Every time the price enters the 1350 - 1365 monthly Resistance Zone, longs take their profits and a balance between buyers and sellers is observed roughly within 1300 - 1365. I call this the sell accumulation phase where the market is undecided but sellers eventually prevail under the heavy pressure of the 5 year Resistance level. Note that there is always a catalyst (normally geopolitical tensions) that drives the price towards that Resistance Zone (N. Korea, stock market crash, Oil crash, trade war and more recently the U.S. - Iran tensions) but it eventually fails.

I take this as a strong long term sell signal. The target can differ but I am counting (and targeting) at at least 1220 - 1240, with a strong probability for 1200 also.