Gold Rise and Other Markets

[Guest guest]

Hi everyone,

 

Gold remains strong. There is yet more strength to be had with

Jupiter moving out of debilitation (navamsa) around 2:00 and the

Mars aspect getting closer. Mars is well placed and very strong.

Jupiter's dispositor remains weak, but that isn't enough to supress

the price action. 495/97 area should be good for bids. I would not

be surprised to see 520ish before we see signs of exhaustion.

 

USD took a tumble today - the market reasoning is stop blowing and

end of month fixing. I belive that there should be some strength

from the mid-London session (around 7am ET) today and should

continue into the early Tokyo session. On EURO 1840/60 is the

resistance band and support is 1790ish. AUD is supported at 7390 and

at this point, 7420 looks like a probable retest point. I would like

to see 7500 on this pair. GL & GT

 

Best regards,

 

Vyas Munidas