I alerted my followers on Gold and Silver last Monday morning and it had an unprecedented run in the last couple of days. The problem is in-spite of such good technical and astrological background gold and silver failed to close higher than 13 days simple moving average. I think its a call for caution because the fear of complete breakdown still do exist. How will these precious metals behave in the coming month ? Let us try to understand with the help of astrology and technical analysis.
Astrologically mars have entered Taurus on 23rd may while mercury will enter in Gemini on midnight of 28th may. Venus to enter in Gemini on 29th may while Jupiter will enter at same place on 30th may midnight.When so many planets are changing signs we need to be extra cautions in financial markets. Jupiter,mercury and Venus together will be in Taurus till next Monday. This may make silver vulnerable to some big falls while mercury on 28th may cause the big downfall in gold. Period till 31st may 2013 is very important for bullion from long term point of view.
Technically gold has resistence at near 1398$ and 1421$. Chances of crashe are there if 1360$ is breached on lower side and it is difficult to say whether 1330 range will be saved or not in this month end. Monthly close below 1332$ in gold is very bearish. As RSI is at 20 years low but still at 40 so lot of space for vertical crash are present. If the crashed happened the levels of 1180 to 1100$ will not be very far