Technically, we suspect a diametric is forming is wave c of wave 4.Since International Gold is trading very close to mining costs possibly a temporary bottom formation could be happening.
Technically a diametric formation could be on the cards in the current wave 4..Astrologically we are looking at a short term upside ...
Jupiter and Neptune aspects influence long term trends here. Venus, Sun and their aspects with Pluto seem to have short term effects. Iam yet to understand long term effects of Pluto-Neptune or Jupiter Pluto.
From a trading point of view, Gold should improve in the short term. Waiting for completion of g leg and then buying for the medium term may be considered. Only after Gold makes its move first and that too with adequate stop losses.Jupiter Neptune trine on July 17 inspires confidence. The powerful effect could be spoilt a little bit with Saturn also joining the trine, but then we expect this last up move to complete a multi year bull market in Gold. The next cycle will be negative, but only after the short term uptrend..
6 comments:
Dear Sureshji,
After long time.
Gold technically shall go to 1315-1320 and then a fall again to 1125-1150 (this will be the temporary bottom) From 1150 again to 1600+ level. All these are in US$.
Regards
Anand
As DOW moved higher on better than expected Payroll hence, $$ will be more stronger and so does fear of tapering of QE. This does not go well with Indian Market.
SGX Nifty Down by 45 points so, I am skeptical. May be 5810 holds
Dear Anandji,
Thank you. It matches my expectations.
Warm Regards
Suresh
Correct. FIIs will want a larger pie of the strengthening US Dollar denominated markets.If the US Economy continues to strengthen, fears of QE withdrawal will recede.Unless our Government does something dramatic to strengthen the rupee, we are facing the bottom of the barrel in the short term.
Warm Regards
Suresh
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