#FTSE #Nasdaq Back at the start of October, we speculated on the 4,000 dollar level for Gold, also creating a Halloween scenario where the price of Gold would exceed 4,000 dollars for a while, then collapse. It is certainly interesting to note the price of the metal exceeded the 4k target level by 10%, then experienced some slight reversals after a while. We had certainly expected the 4k level to be exceeded and Gold indeed bubbled higher, doubtless triggering a shedload of stop-losses for those wise folk who’d opened Short positions. It’s not rocket science, the market follows the same rulebook almost regardless of the share, commodity, or even pretend items like crypto.
Of course, the implication behind such an absurd statement is a suggestion the markets may suffer manipulation, rather than follow the vague rules established by our fellow Scottish economist Adam Smith which applied to his theory of Supply and Demand. Despite the bloke being lauded internationally, he was from Kirkcaldy in Fife and thus, naive but with his eye on the main prize, getting personally wealthy. It was a strong tradition, fellow travellers on the journey including the like of Andrew Carnegie and famous Scottish grifter, Gordon Brown. By espousing a theory which was already obvious, he created a scenario which made perfect sense, the value of a product may increase due to its perceived rarity as demand increases. Equally, the value may reduce, due to lack of demand in the face of over production.
The major flaw in Adam Smiths arguments comes from something else blindingly obvious, both sides of his equation are aware of his “laws” and both sides do their utmost to make the “laws of supply and demand” work in their favour. Currently, with the price of Gold, it’s doing its utmost to give the impression some major reductions may be imminent, perhaps due to something perceived as peace in the Middle East reducing tensions, reducing oil prices, reducing the demand for a safe haven for funds. After all, Gold is always regarded as the sane “safe haven” and with panic about financial safety reducing, so should the price of Gold.
However, it’s proving a bit obvious from our perspective and while we suspected a major “gotcha” was going to happen, this initial reduction on the price of Gold has not been as vivid as expected. As a result, we now suspect a further upward surge may be possible, doubtless utterly confounding all the smart folks holding short positions from the $4,000 level. We smell a rat, along with a strong argument favouring departure from Adam Smiths rules. Above 4,045 now risks triggering the price of Gold heading to an initial 4,258 dollars with our secondary, if bettered, a future 4,384 which naturally challenges the previous two highs.
In other words, should Gold make its way to 4,384, opening a Short position with a seriously tight stop should not be the worst decision. In this scenario, we anticipate immediate reversal to 4,045 dollars or so. Our longer term secondary (or later in the session) works out at 3,815 but we have doubts.
Should we choose to adopt our usual software driven stance, the immediate scenario promises weakness below 3,885 bringing a trip down to an initial 3,816 with our secondary, if broken, at 3,622 and perhaps a bounce.
Gold is behaving a bit weird, perhaps a Halloween thing, but despite our usual expectation of reversal, we think it will confound the market and head upward first! After all, you can always trust the market to utterly ignore Adam Smith with a similar reverence shown to his countryman, fellow Kirkcaldy idiot Gordon Brown, famous for selling off the UK’s Gold reserves at the market lows of just $300, 25 years ago. But in his hunt for personal wealth, he managed to attain the UK’s highest paid position at the political trough, becoming Prime Minister…
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:43:38PM | BRENT | 6391.7 | Success | ||||||||
| 11:46:06PM | GOLD | 3975 | |||||||||
| 11:18:08PM | FTSE | 9692.5 | 9631 | 9604 | 9563 | 9671 | 9727 | 9800 | 9876 | 9687 | Success |
| 11:24:05PM | STOX50 | 5691.1 | |||||||||
| 11:26:25PM | GERMANY | 24190 | |||||||||
| 11:36:10PM | US500 | 6902.8 | |||||||||
| 11:39:36PM | DOW | 47652.6 | ‘cess | ||||||||
| 11:44:11PM | NASDAQ | 26094.5 | 26005 | 25975 | 25938 | 26043 | 26101 | 26140 | 26413 | 26022 | ‘cess |
| 11:47:42PM | JAPAN | 51283 |
28/10/2025 FTSE Closed at 9696 points. Change of 0.45%. Total value traded through LSE was: £ 5,683,126,613 a change of 7.14%
27/10/2025 FTSE Closed at 9653 points. Change of 0.08%. Total value traded through LSE was: £ 5,304,536,727 a change of 2.03%
24/10/2025 FTSE Closed at 9645 points. Change of 0.7%. Total value traded through LSE was: £ 5,198,860,657 a change of 1.36%
23/10/2025 FTSE Closed at 9578 points. Change of 0.66%. Total value traded through LSE was: £ 5,128,914,273 a change of -30.05%
22/10/2025 FTSE Closed at 9515 points. Change of 0.94%. Total value traded through LSE was: £ 7,332,238,538 a change of 33.6%
21/10/2025 FTSE Closed at 9426 points. Change of 0.24%. Total value traded through LSE was: £ 5,488,291,268 a change of 12.47%
20/10/2025 FTSE Closed at 9403 points. Change of 0.52%. Total value traded through LSE was: £ 4,879,963,453 a change of -30.6% 
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:BARC Barclays** **LSE:CAR Carclo** **LSE:SBRY Sainsbury** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **
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Updated charts published on : AFC Energy, Barclays, Carclo, Sainsbury, Scottish Mortgage Investment Trust, Tesco, Vodafone, Zoo Digital,
LSE:AFC AFC Energy Close Mid-Price: 8.75 Percentage Change: -0.34% Day High: 8.99 Day Low: 8.65
Continued weakness against AFC taking the price below 8.65 calculates as ……..
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View Previous AFC Energy & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 404.45 Percentage Change: + 2.21% Day High: 402.55 Day Low: 393.6
Continued trades against BARC with a mid-price ABOVE 402.55 should improv ……..
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View Previous Barclays & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 80 Percentage Change: + 5.68% Day High: 83.6 Day Low: 76.8
Target met. Continued trades against CAR with a mid-price ABOVE 83.6 shou ……..
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View Previous Carclo & Big Picture ***
LSE:SBRY Sainsbury Close Mid-Price: 346 Percentage Change: -0.17% Day High: 348 Day Low: 337.4
All Sainsbury needs are mid-price trades ABOVE 348 to improve acceleratio ……..
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View Previous Sainsbury & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1163 Percentage Change: + 0.87% Day High: 1163.5 Day Low: 1149.5
Further movement against Scottish Mortgage Investment Trust ABOVE 1163.5 ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 459 Percentage Change: + 0.04% Day High: 461.3 Day Low: 449.9
Target met. Further movement against Tesco ABOVE 461.3 should improve acc ……..
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View Previous Tesco & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 93 Percentage Change: + 4.42% Day High: 93.5 Day Low: 88.46
Target met. Continued trades against VOD with a mid-price ABOVE 93.5 shou ……..
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View Previous Vodafone & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 11 Percentage Change: -2.22% Day High: 11.25 Day Low: 10.62
In the event Zoo Digital experiences weakness below 10.62 it calculates w ……..
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View Previous Zoo Digital & Big Picture ***