GOLD $ #DAX #SP500 The return of TV’s excellent ‘The Curse of Oak Island’ documentary reminded it has been a few months since we looked at #GOLD and finally, some good news appears possible. As the BLUE line on the chart illustrates, the price surged above the trend, finally removing itself from the potential of serious drops. Of course, there’s a “but”…
Despite removing itself from an immediate region promising a bottom at 1120 or perhaps lower at 1025, the metal has conspicuously failed to recover in price. Our thinking previously suggested should the product recover above 1230, we would anticipate a cycle commencing to 1260. While perhaps it’s a timeframe thing, we’re fairly uncomfortable the highest achieved thus far has been 1244 before a sharp fall occurred. We’ve not entirely lost hope though.
At present, the price of Gold need only exceed 1238 to convince us of movement to a near term 1242.5. If bettered, our secondary now calculates at 1268. The other side of the coin comes, if the commodity finds an excuse to close a session below 1203. This risks being a pretty poor show, making a visit to 1186 viable initially. If broken, secondary is at 1140 and ideally, a trampoline bottom.
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
10:09:06PM |
BRENT |
63.78 |
|||||||||
10:11:41PM |
GOLD |
1226.36 |
|||||||||
10:20:56PM |
FTSE |
7040.73 |
Success |
||||||||
10:23:05PM |
FRANCE |
4966 |
‘cess |
||||||||
10:25:53PM |
GERMANY |
11235 |
11112 |
11095.5 |
11038 |
11194 |
11257 |
11279.5 |
11371 |
11155 |
‘cess |
10:31:05PM |
US500 |
2648.17 |
2642 |
2639.75 |
2621.6 |
2667 |
2670 |
2683.2 |
2700.6 |
2646 |
|
10:33:20PM |
DOW |
24479 |
|||||||||
10:38:52PM |
NASDAQ |
6570 |
|||||||||
10:41:23PM |
JAPAN |
21633 |
Success |
21/11/2018 FTSE Closed at 7050 points. Change of 1.48%. Total value traded through LSE was: £ 7,182,086,025 a change of 1.94%
20/11/2018 FTSE Closed at 6947 points. Change of -0.76%. Total value traded through LSE was: £ 7,045,402,648 a change of 18.19%
19/11/2018 FTSE Closed at 7000 points. Change of -0.19%. Total value traded through LSE was: £ 5,960,855,965 a change of -20.04%
16/11/2018 FTSE Closed at 7013 points. Change of -0.36%. Total value traded through LSE was: £ 7,454,640,386 a change of -16.24%
15/11/2018 FTSE Closed at 7038 points. Change of 0.07%. Total value traded through LSE was: £ 8,900,271,533 a change of 20.4%
14/11/2018 FTSE Closed at 7033 points. Change of -0.26%. Total value traded through LSE was: £ 7,392,389,555 a change of -2.52%
13/11/2018 FTSE Closed at 7051 points. Change of -0.03%. Total value traded through LSE was: £ 7,583,251,643 a change of 56.06%
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