Gold Higher or Down

This weeks blog post will be a little shorter as we are writing the subscriber report this weekend.

From last weeks blog post which was very close.
"Most important market dates this week are April 25 and April 28th. Looking for the start of a move down Monday with a possible low April 28, 29."

Gold

I'm now looking at March 28th as the start of a new nominal 18 week cycle  1 trough.

This puts us entering either the 6th week of a new Primary cycle. Since I'm looking at this as entering the 6th week we should be prepared for a pullback Bear in mind we are still in a time period with confusing Astros.

This nominal 18 week cycle even had the pullback I've mentioned in a new Primary cycle you often get a pullback 2- 3 weeks from the beginning. They are marked with TT and TB.

Following is a daily chart for Gold. The orange vertical lines are a 14 cd (calendar day) cycle which has been at highs and lows and hit again on April 21.

Price has moved below the 15 and 45 day sma and the 15 sma is above the 45 sma. This all looks very bullish. Just remember we are entering the 6 week timeframe where we often get pullbacks. The other option is we get a 1/2 Primary cycle which means we'd have a few more weeks of an up move for Gold.

On the following daily Gold charts there are the Venus (green), Jupiter (blue) and Uranus (purple) price lines. These are the longitude of the planet converted to price. Note the Gold price has been following the Venus price line up and as happens so many times, when the Venus and Jupiter lines cross you get a big move (up or down).