GOLD TRADE REVIEW: JANUARY 28, 2018

Posted by in Articles on January 29, 2018 . .

GOLD TRADE REVIEW

JANUARY 28, 2018

And, why you should consider subscribing to the MMA Daily Market Report:

Thursday, December 14, 2017:

GCG (Feb Gold): Wednesday's close was bullish and follows the prior day’s bullish bias, which is a bullish sequence. And the close was above the daily trend indicator point for the 1st time in 11 days, which means it is upgraded back to neutral. Yesterday stated, “It doesn’t look good, but help may be on the way soon.” It came Wednesday. As stated Monday, December 11, “Mars goes into Scorpio now, and historically, this has more correspondence to strong rallies in Gold lasting 3-7 weeks.” Yesterday also stated, “It dropped to 1230-1240 on Tuesday and closed with a key reversal up signal. Let’s see if turns here...” It turned and Mars in Scorpio is now on.

Position traders are flat and may buy at 1250 +/- 5 with a stop-loss on a close below 1238.

Aggressive traders are flat and may buy at 1250 +/- 5 with a stop-loss on a close below 1238.

Result: Gold dropped into our buy zone that Thursday and never looked back until we exited on January 25.

 

Thursday, January 25:

GCG (Feb Gold):  That (big rally) was what we were looking for. As stated yesterday, We are now in the time band where we expect a crest based on helio Mercury in Sag and Mars in Scorpio, due between Tuesday-Friday of this week. Therefore, we will start to exit longs. Until it closes below support, there is still a chance to get to 1375 +/- 25 this week...” But it did happen with Wednesday’s explosion up to 1361.60. It could still go higher today or Friday, but time is really short now.

Position traders are long with a stop-loss on a close below 1324 after covering first 1/3 profit recently. Traders were advised, “Cover 1/3 at 1360 +/- 10 if offered. Buy back on a drop to 1293 +/- 8.” Got the second position off with the high at 1361.60 for excellent profit.

Aggressive traders are long with a stop-loss on a close below 1324 after covering 2/3 recently for profit and then buying back on Monday’s low (at 1328), so we were fully long again and advised, “Let’s cover 1/3 at 1345 +/- 5, 1355 +/- 6, and cover all at 1370 +/- 10 if offered today,” Got them all for an exceptional profit and will look to buy back on a sharp decline in the next 1-2 weeks.

Result: After pulling back to 1328 on Monday, January 22, Gold soared to a new cycle high of 1365.40 on Thursday, January 25, and aggressive traders covered all positions for exceptional profits from 1250-1255 to 1345-1360. That represented gains of $100 of the 127 total points in the up move during that time.

The only way one could have anticipated this move - exactly during that time - was via the use of MMA’s Financial Astrology studies on transiting Mars and heliocentric Mercury, which converged last week, January 22-26. The low of December 12 was also related to the transit of Mars, as discussed back then.

Looking forward: There is no technical confirmation that the run up is over in Gold, which is why position traders kept 1/3 of longs open and will buy back if prices decline in the next 1-3 weeks. But, the trade was designed based primarily on geocosmic historical correlations, and thus aggressive traders have now exited all longs with excellent profits. There are some bearish triggers now in force, and we will return to the long side when those turn into bullish triggers, especially if they coincide with MMA’s geocosmic critical reversal dates (CRDs) or one of our solar/lunar reversal zones. In any event, our first major trade of the year in metals has been very successful (same with the Euro and Treasuries).

 

To subscribe to the MMA Daily report, just go to MMAs website at www.mmacycles.com and click “SERVICES” from the main menu. Or, call us at 1-248-626-3034 or 1-800-MMA-3349, or email us  alie@mmacycles.com.  

Tags: merriman, commodities, gold Last update: January 29, 2018