Weekly Outlook: Gold is poised to be a major beneficiary of the week’s uncertainty, confusion, and “reality check” energies. The chaotic and restrictive aspects impacting equities should drive a safe-haven bid into precious metals.
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Monday, Sep 15th: A turning point day. Gold could establish a significant low or high as the market digests the weekend’s energy.
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Tuesday, Sep 16th: Consolidation, likely building strength for a move higher.
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Wednesday, Sep 17th: Bullish Catalyst. The Mercury-Saturn opposition, which is bearish for equities, is often bullish for Gold. As fear and a sense of reality hit the general markets, capital should flow into Gold.
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Thursday, Sep 18th: The market confusion from the Mercury-Neptune opposition and the financial stress from the Venus YOD are both highly supportive of Gold’s role as a store of value and safe haven.
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Friday, Sep 19th: Potential Power-Move Day. The Mercury-Pluto (power, debt, central banks) aspect is hugely significant for Gold. Combined with the major reversal signal from Mercury at Zero Declination, this day could see a powerful, decisive, and sustained move in Gold.
MCX GOLD Gann Angle Chart
Gold is forming multiple doji after a 13 days of rally.
MCX GOLD Supply Demand Zone
MCX GOLD Supply Demand Chart : Demand in range of 105937-106000 , Supply in range of 109656-109700
MCX GOLD Harmonic Analysis
Price is approaching PRZ zone of ABCD Harmonic Pattern.
MCX GOLD Weekly
Price has formed Weekly Bullish near AF Resistance Zone.
MCX GOLD Monthly
110000 Monthly Resistance and 108261 Monthly Support.
GOLD Astro/Gann Trend Change Date
Key Pivot Dates: Watch 15 September
GOLD Weekly Levels
Weekly Trend Change Level:1039551
Weekly Resistance:109881,110210,110540,110869,111199
Weekly Support: 109222,108892,108563,108000,107729
Levels Mentioned are for Current Month Future
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