'The goat on the frontispiece carries the sign of the pentagram on the forehead, with one point at the top, a symbol of light, his two hands forming the sign of hermetism, the one pointing up to the white moon of Chesed, the other pointing down to the black one of Geburah. This sign expresses the perfect harmony of mercy with justice. His one arm is female, the other male like the ones of the androgyn of Khunrath, the attributes of which we had to unite with those of our goat because he is one and the same symbol. The flame of intelligence shining between his horns is the magic light of the universal balance, the image of the soul elevated above matter, as the flame, whilst being tied to matter, shines above it. The beast's head expresses the horror of the sinner, whose materially acting, solely responsible part has to bear the punishment exclusively; because the soul is insensitive according to its nature and can only suffer when it materializes. The rod standing instead of genitals symbolizes eternal life, the body covered with scales the water, the semi-circle above it the atmosphere, the feathers following above the volatile. Humanity is represented by the two breasts and the androgyn arms of this sphinx of the occult sciences.'
. The gesture of one hand pointing up while the other hand points down. This expresses the “As above, so below.” It reflects how different levels of existence influence one another, whether those levels be intellectual versus physical, the spiritual world versus the material world, or microcosm versus macrocosm. Chesed and Geburah, are two Sephirot on the Kabbalistic Tree of Life, which maps out aspects of existence. They are on opposite sides of the tree, which are commonly understood to be male and female, severity and mercy. Chesed represents kindness and love, while Geburah represents power, strength, and judgment.
The Latin terms solve and coagula written upon Baphomet’s arms. These translate to dissolve and coagulate, which are opposing alchemical processes. Multiple physical examples of Baphomet being both male and female (e.g., breasts and phallus; one male arm, one female arm). The caduceus-like image replacing the phallus, in which the two snakes frequently represent male and female.