The financial astrological prediction for the XAU/USD (gold price) can be summarized as follows:
- XAU/USD has broken down from a triangle squeeze, indicating a bearish sentiment.
- The current market trend is bearish, and the weekly structure shows a breakdown from the triangle pattern around 1908.4.
- In the daily structure, a bearish pinbar has formed at 1946.
Weekly Analysis:
- This week is marked by a lack of planetary energy, which is seen as a “sell” energy. Sell energies are expected to push the market towards supply zones and potentially break the demand zone.
Fundamental Analysis:
- Mention is made of a government shutdown situation, which was initially scheduled to begin on October 1, 2023. However, Congress passed a stopgap funding measure to prevent the shutdown, which was signed into law by President Joe Biden.
Technical Analysis:
- From a technical analysis perspective, there is a strong distributive movement in the market.
- Probable target zones for this movement are 1820, 1809, and 1773, which are identified as important liquidity zones in the medium term.
- The sentiment remains bearish until the price goes back to the previously broken level of 1908.4.
- If we cant break the demand zone of 1810-1804 by friday NFP, Buy it for next week’s planetary energy will be bullish. Bull energies will buy at demand zone and thats an area of bank mitigation zone I expect pullback.
Daily Interpretations:
- The daily and weekly closes are monitored, with the nearest magnet support at 1847 and the nearest magnet resistance at 1861-63.
- The overall range of the planetary energy is specified, and there are expectations of a potential fall to 1800-(1793-84).
- Upcoming events like PMI data and Fed speeches are considered as factors that could influence market direction.
The daily interpretations for the following days are similar, emphasizing the importance of monitoring daily candle closes relative to resistance and support levels and providing updates as necessary.
This summary provides an overview of the predictions for the XAU/USD market, highlighting the bearish sentiment, fundamental factors, technical analysis, and daily interpretations.
Failure of breaking demand zone on Friday NFP signaling Buy.
