InvestingSuccess

Gold is having a rough time. The yellow metal seemingly does not like positive real interest rates. Nor does it like the fact that the US Dollar is strengthening. Gold is bearish in many ways right now.

The above chart shows Gold futures prices overlaid with a Pluto 4^th harmonic quantum line (CS=2), a Neptune 3^rd harmonic quantum line (CS=2), as well as Saturn 3^rd and 4^th harmonic quantum lines (CS=2). In addition, the chart has been overlaid with Jupiter 4^th and 5^th harmonic quantum lines (CS=18).

It appears as though Gold will test the Neptune 3^rd harmonic quantum line in the near term.  Ideally, I would like to see this test of the quantum line occur along with an Astro event. October 8 will have Moon passing the 1919 Gold Fix natal Ascendant. Mars will work its way past the natal Ascendant from October 12-25. Sun will pass the natal Ascendant from October 24-31.

The Neptune 3^rd harmonic quantum line so happens to also be the Fibonacci 61.8% retracement level of the October 2022 to May 2023 price rally.

If this retest occurs, get ready to buy an ETF that has Gold bullion exposure. An ETF of gold mining stocks is potentially risky because miners are getting squeezed by higher operating costs these days. This will be reflected in share price.