The Gold
Mid month update
In my previous article I gave the target 777. this level was reached on Aug 15th. The exact low being at 777.70. The Gold went down from 943.50 to 777.70 !
Weekly graph of the gold:
What should we do now ? Should we enter long or wait for a better position?
Take a look at the chart below: what blocked the falling of the Gold ?
It's Jupiter again, which being retrograde came closer again to Natal Mercury, and also the opposition between natal Jupiter to Transiting Mercury played a role of "saving net" ( in red ) we'll see if it'll hold.
An important day to watch will be September 14, when Saturn will oppose Natal Jupiter.
The last time transiting Saturn made an opposition to Natal Jupiter was in October 1949, & Dec-Jan 1978- 1979. So sorry I do not have historical charts, before 1975, to show you all, so we will have to wait and see what happened those days under the influence of Saturn.
Here is a graph as of 1975:
Transits of Aug 18 :
Another interesting thing to remember is, that the lunar eclipse on 24 degree in Aquarius-Leo on August 16, hit the Ascendant, and this energy too contributed to the change in trend of the gold.
Next targets will be fibonacci corrections : 796,802,807, 813, 827 ( which will be 180 degrees from the bottom), 840,853.
Days to watch : Aug 22, Sept 2, Sept 14
Aug 18, 2008
I love feed backs ! .jpg)
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