The Gold in January 2009
In my August 4 analysis I wrote that the 12th of Sept, 25th Oct, and 8th December are days that a change in trend would occur. Now, looking back, they did mark a change in trend.
Sometimes it's easy to calculate how high or what low will a share or currency hit, but the timing is much more difficult to foresee.
On Sept. 10 I wrote that the Gold would reach in it's way up, 922. Well, it tried three times to climb, but it reached only 915 on 9 October and fell from there to 711.
The 12th of November marked 240 Fibonacci days from the last top on March 17th as we can see in the graph below.
One of the indicators I use is the MACD. I marked it in a green circle, We can see
that it is weakened, and is looking for a direction….
Will the Gold go up?
In my humble opinion it will, but with a short delay. There are many planetary movements in the sky right now, which might cause this delay. Saturn retrograde, Mercury too, lack of angles to the natal chart, all point in my opinion, to a sideway movement in January.
Gold's transits:
Gold will move in between the bottom of 711 to the top of 915.
Would any of these levels brake, targets upwards: 977, 1033
Resistance levels: 818, 798, 776, 736.
Days to watch: January 10, 27, Feb 5.
Happy trading, keep your stops close !
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