The Gold

continuing

The Gold has reached a bottom on the 15th of August, at the level of 777.70.
This level made a double bottom with the one on the 19th Nov 2007. also making an M pattern. The M patterns are the mirror of the W pattern, marking a down trend.
There are 270 days - astrological angle- between the two bottoms.
 
On the 19th of November transiting Uranus trined exactly! natal Saturn,(in green) transiting Jupiter sextiled the ascendant, transiting Mars trining natal Jupiter,(in blue) all these blocked the fall of the gold in November.
 
 
270 days later transiting Jupiter sextiled natal Jupiter, transiting Saturn trined natal Sun forming the double bottom.
 
 
Now the Gold is in a " correction " phase, which can get as high as 857, 863, 869.60, 879, 903, 922.
 
Days to watch for a change in trend: Sept 7,14, 21, Oct.4.
 
Stop loss at 817, 810
 
 The Point & Figure chart
 
 
The technical analysis shows :
 

 Sept 10

Since the bottom of 777.70 was broken a few days ago, the next stops of the gold are : 758, 737.

  

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1.9.08



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