A New Buy Signal For Gold

tance, adinastro-tradingPrices for the yellow metal advanced nicely during the closing days of the trading week, triggering a new buy signal for gold in astro-trading.

At FinancialCyclesWeekly.com, we had been on a sell signal since early February, and the  move we captured with that bearish position helped us earn a ranking in the Top 5 Gold Timers in the current issue of Timer Digest.

The new buy signal for gold now aligns us with many other timers in this market – but the proof will ultimately be revealed in the market for the precious metal during the coming months.

What’s The Astrology Behind A Buy Signal For Gold?

We watch many planetary factors in our market timing, but over and over again I’ve found that interactions of the Sun and Kronos help determine significant levels of support and resistance for Gold.

Once again, we’re seeing Kronos come into play to trigger a buy signal for gold.

On Thursday, the yellow metal made a big move up and closed just above an eighth-harmonic Kronos planetary price line that had been providing significant resistance all year.

On Friday Gold traded through that line even more emphatically, pushing to an even higher close.

Gold Buy Signal Kronos

The current buy signal for gold comes from the metal’s successful penetration of price resistance provided by an eighth-harmonic planetary price line for the transneptunian Kronos.

While this latest price action aligned with Kronos is impressive, it’s also helpful to put it into perspective by looking at previous occasions when Kronos and the Sun figured prominently in defining the trading action for Gold.

For example, an article published in FinancialCyclesWeekly in September 2014 offers some insights that are still relevant today. It reveals why Kronos and the Sun are such powerful factors in trading Gold successfully, whether we are seeing a downturn in the precious metal or whether the planets are giving us a new buy signal for Gold.

Click Here To Get a Free Reprint of The Article

 

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4 Responses to A New Buy Signal For Gold

  1. Mark Morgenstern says:

    its up again today even more, great call
    where is the next resistance line, hard to tell
    thanks
    mark

    • timbost says:

      Thanks, Mark!
      If the eighth-harmonic Kronos action continues to hold sway, the next significant resistance zone will be at 1257.50. We’ll have to wait and see how that plays out.

  2. Albert Petersson says:

    Imho giving buying signals on Gold while USD is still strong may be a little dangerous practice. Lets see if we could use some eventual weakness in USD due to Saturn transiting over its Uranus during next month.

    • timbost says:

      Thanks Albert
      Your point is well taken – as of June 5, we’ve reversed position to a sell signal again, based on downward penetration of a key Kronos line We continue to test, study, and refine whenever possible. I truly appreciate your contributions!

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