?? Is the Gold still a catch
Since the last top on June 3rd, the Gold is going sideways. Although it flopped below the MA 42 , but it soon recovered, and now is again above it, actually, the MA behaves as a support line.
Looking back at the daily graph we can see that the same pattern is forming as in 2006. Breaking out of the triangle the Gold rallied from 667 to 995 in about 7 months.
The 2009 graph is slightly different. The tops did not reach the red line! Only if the Gold stayed above the MA42, and will go up to 987, we will be facing the same scenario; and see the Gold at 1200-1300.
If this will not be the case, and it will fall from 910, we shall have the opportunity to buy it at the levels of 800-815 again.
Let's look at the planets and try to understand this side move…I enclose here a map with 3 wheels. The inside wheel is the natal chart, the middle wheel is the all time high date, and the outer wheel is the day of today. We can clearly see what is happening.
For gold we should follow the Sun, Jupiter Mars for pumping energy and Saturn (ruler of the asc.) On Feb.20, transiting Jupiter in the middle wheel was 30 deg. From Natal Sun. Today Jupiter is in retro. It will turn direct on Oct.17, so mark this day as a change in trend.
Middle wheel Mars was also 30 deg. from Jupiter. and sextile from Natal Sun. Since then Mars traveled to the end of Gemini, and will ingress Cancer, where it is in fall, ( no power) and Sept 10 will make an exact opposition to natal Sun and trine to Pluto! Mark this day too as a change in trend.
Other interesting dates during September for the whole market will be Mercury turning retrograde on Sept.8.
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Before you start trading the gold, we should check your chart ! Is it a favourable time for you to enter the markets? Where is severe Saturn?? How is Pluto effecting you?? When is the best time to make a move?? All these in a click
!Good trading
28.8.09
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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