April Gold
Three months ago, I asked, "will the gold to up?" Then it was at 858. Well, it did, actually, it tried to reach the previous high of 1033, but it did not go over and above that level. Feb.20th marked the last top, at 1003. On that day transiting Moon conjunct Natal Sun, and transiting Mars 30 deg. to natal Jupiter was the momentum, but not strong enough to push the Gold higher.
More than one year passed since the last top. The first top was on March 17, 2008 the second on Feb.20th; the last to be lower than the first. This shows a slowdown in the rally for the coming days. The other signal for a decline is that the Gold is below MA 42. I wrote about this moving average in my previous articles. The DX also is in the red zone. All these show a technical downtrend in the short term.
Concluding this, my next target is a bottom at 830-838. This correction will only bring a rally to 1180 later this year.
.gif)
The astrology map also shows this slow momentum, transiting Saturn in Retro opposite Natal Jupiter, sextiled to Natal Saturn. This point can show a strong bottom line at 886, but if it'll fell from here, hmmm we'll have to check again where it will be heading.
Trade carefully !
March 28, 2009
April 23 update :
targets: 903, 908, 910 to the upside correction, or 886,852,819 if previous low will break
Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume
any responsibility at all for those individual decisions
see what happened in Jan 09
|
