Sharp rally in coming weeks

 Issue No. 189 – Sat 07 Sep 2024

In the past weeks, Gold moves erratically, hovering around US$2,500 per ounce.

After consolidation of the past weeks, Gold is ready to advance sharply. We project buoyant Gold prices for the coming 2 weeks.

Let’s study Solar Chart 2024-09-14. The aspect is indicated by a Red Line, which is [Uranus Conjunction Mars] as viewed from the Sun. This is a bullish aspect because the Red Line linking up Uranus and the Sun is a Gravity Force, with bullish Mars moving from Right to Left through the Gravity Force. In the process, bullish Mars is made active and its bullish influence is brought out.

This bullish pattern, together with those mentioned in last blog post, ensures that the coming 2 weeks are significantly bullish for Gold.

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After 9 days, on Solar Chart 2024-09-23, 2 bearish features have developed;

Solar Chart 2024-09-23 is again presented below, to explain one more significantly bearish feature.

The bearish features of the last Solar Chart are more conveniently presented with a Heliocentric Jupiter-centered Ephemeris.

[Uranus Semi-square Jup AT] is made very bearish by Earth interacting with Jup AT and with Uranus, in early Oct 2024.

We opine that the Gold Rally will be due for downward adjustment in the week commencing Mon 23 Sep 2024.

There are more detrimental bearish features in Sep 2024 which will be discussed in the next post.

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