The Gold in May 09
My first target ( 892 ) was reached on the 10th of March. After that two more bottoms followed on the 6th and 17th of April, ( marked with the green line) but the Gold did not drop to 857 – yet - , however, it is still under MA 42, which is at 906. Only if it'll climb above it we shall see a start of a rally. I doubt it'll come in May. The DX also shows a downtrend, with the red line above the blue and green
We can see this in the daily graph:
What do we learn from the stars?
As I wrote in my article about the Dow, there are many planetary directional changes in the sky during May, so volatility is the name of the game. Only if one is glued to the screens can follow. So be extra careful!
Map for May 10
Transiting Saturn makes a trine to Natal Mercury, cools down everything it touches. However, Saturn will leave this angle in early July; we shall expect a change in trend then. Saturn will trine Natal Venus between Aug.14- Sept 3, again a slowdown.
The next retro movement of Mercury will also be significant,, because it'll ingress Taurus again, reaching 22 deg, and so will trine Venus again on the 1st of June 09.
The most important angle now is the Jupiter/Neptune conjunction. Jupiter brings the expansion, Neptune the fog. Both are on the Ascendant of the Gold bringing indecision. Mark the 9th or May 10 as a major turn because of transiting Mars trines Natal Mars, and transiting Saturn sextiles Natal Saturn.
Gann days: May 5 and 21.
Full moon in Scorpio on the 9th and new moon in Gemini on the 24th also will be dates to follow.
Targets: same as in April, 857, 822.
I will continue to update here during the month, so be back!!
Good luck and trade carefully!
May 22 update
The above mentioned indecision ended on May 5-6, when the Gold broke the green trendline, and the MA ( moving average) 42.
If the Gold will climb higher than the previous top (980) the next levels should be
1040-1080.
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
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