🏆 GOLD – 4th week of the new base cycle (15-20+ weeks), which began with retrograde Venus on March 3 from the extreme forecast level of October 28 (2850 on current futures). The start of retrograde Mercury had no impact on gold’s bullish trend. Mercury simply lacked the energy, as Venus is far stronger. Gold entered a correction at the pivot forecast on March 19, which I mentioned last week in the context of the stock market.
⚠️ Holding the long position from the extreme forecast on March 3. The movement range to the pivot forecast on March 19 for GC futures exceeded USD12K per contract. The next extreme forecast for gold is March 24 – the midpoint of retrograde Mercury. There is also a pivot forecast on March 27, but that is more relevant to crude.
⚠️ Holding the long position from the extreme forecast on March 3. The movement range to the pivot forecast on March 19 for GC futures exceeded USD12K per contract. The next extreme forecast for gold is March 24 – the midpoint of retrograde Mercury. There is also a pivot forecast on March 27, but that is more relevant to crude.
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