Friday, September 17, 2010

Gold and the Equinox

As the Autumnal Equinox approaches Gold warrants our attention. The impressive rally to new highs may reach a short term peak coincident with the potential peak in Stock Index levels between September 21-27th.
The chart below indicates the Sun-Pluto aspects over the last 3 years. Although the Sun-Pluto cycle (366.73 Earth day synodic period) did not catch all the major pivots, several significant pivots occurred as the Sun-Pluto relationship hit geometric angles. The Sun is 90 degrees to Pluto on Sunday September 26, 2010



The next chart shows the significance of 1258-1260 level for Gold. Jupiter and Uranus are at approximately 358 degrees (28*Pisces) Using the price-longitude conversion:

  • 358 degrees converts to 1080 - 2 = 1078
  • The Sun is opposite (180*) on September 21st
  • 1078 + 180 = $1258.00
  • 60 degrees from 1258.00 = $1318.
$1258-1260 should act as support for GOLD.
Using the 1155.90 low of July 28, 2010: The following Gann Square Support and Resistance are:
  • 180* @ 1224.90
  • 240* @ 1248.34
  • 270* @ 1260.16
  • 300* @ 1272.96
  • 360* @ 1295.89
  • 420* @ 1320.00 (2nd Octave 360 + 60)
The levels listed above should act as support-resistance.

September 26th (Sun Pluto activation window) is 60 days from the July 28th low.
A interesting time-price harmonic occurs as follows.
  • 60 days from July 28 = Sept 26 2010
  • 60 degrees from the 1080 Equinox longitude position = 1080 + 180 + 60 = 1320
  • 420* (360 + 60) is 1320 on the Gann Square of Nine. chart. (see above)


In conclusion, here are the critical levels to watch for gold between Sept 21st and Sept 27th (Monday's opening)
  • Support should hold prices at 1260 and then 1248. A break of these levels--especially the latter-- would suggest further downside is likely.
  • Resistance should act as a ceiling for prices at 1296 and especially 1320--with resonance starting at the $1318 level. $1320 on Gold anytime next week would be quite interesting.

2 comments:

Anonymous said...

hey, love your blog.Its free of bias. so, what is you projection on ES?

Fibocycle said...

I assume you mean the E mini S&P
I usually just look at the S&P 500 CME so these projection should be used on the E minis as well. Most of my projections are based on the "cash" index unless otherwise indicated.
Here are my comments on the S&P
http://mysquigglylines.blogspot.com/2010/09/autumn-approaching.html
http://mysquigglylines.blogspot.com/2010/09/harmony.html