Article written by: Vinayak Bhatt
technical analysis
Gold (XAU/USD) is currently trading at 2,638.410 USD, down 0.71%. Key technical indicators suggest mixed signals for short-term movement.
astrology analysis
Astrology provides a complementary perspective and helps traders predict market sentiment and trends.
Planetary influence:
Moon in Satabishak Nakshatra (Aquarius): During Satabishak, gold tends to react positively as it is ruled by Rahu and signifies unpredictability. Price movements are expected to be volatile, especially near the middle of the week.
Mars in Pusha Nakshatra (Cancer): Mars retrograde in Cancer can create emotional trading decisions and lead to sudden price reversals. Traders should be careful with stop-loss orders.
Jupiter in Taurus (Rohini Nakshatra): Jupiter in Rohini promotes material growth and stability. This transit supports gold’s long-term bullish trend.
Influence of Dasha and Hora:
current mahadasha: Moon – The Moon rules liquidity and emotional investing, so it is favorable for commodities such as gold.
Horalord Venus during analysis: Venus signifies luxury and wealth and often coincides with positive movements in the price of gold.
Key astrological dates:
1. January 6, 2025: The moon moves into Purva Bhadrapada and speculative interests increase. A sharp increase in trading volume is expected.
2. January 8, 2025: Mercury aspects Jupiter, promoting a more logical and strategic trading environment. Price stability is expected.
3. January 10, 2025: Mars retrograde strengthens, creating potential volatility. Avoid aggressive trading on this day.
Gold (XAU/USD) weekly forecast and strategy
1. Bullish momentum likely:
Strong technical support at USD 2,636 and a good astrological outlook from Jupiter suggest an upward bias. The price may test resistance at USD 2,665 and could move towards USD 2,680 by the end of the week.
2. Watch for mid-week volatility:
The transit of the Moon through a nakshatra influenced by astrological factors, especially Rahu, indicates increased volatility. Be prepared for price changes, especially from January 6th to 8th, 2025.
3. Key levels for traders:
Entry point: Around USD 2,640 if prices are strong.
Stop loss: below USD 2,630 to reduce risk.
Profit target: Initial target of $2,665 extended to $2,680.
4. Avoid excessive trading on January 10, 2025:
Retrograde astrological influences can cause false breakouts and whip-like movements.
conclusion
Gold is poised to rise, supported by long-term technical strength and a favorable astrological environment. Traders should use dips as buying opportunities while maintaining a cautious approach during volatile times.
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Source: Saptarishis Astrology – saptarishisshop.com
