More World Markets 10/12/2019

#Gold #US500 If our suspicion of major markets actually showing some strength proves correct, logically Gold should experience some contrary movement. For today, we’re taking a Big Picture update on Gold and the DAX. When viewed together, they present an interesting potential.

Our most recent review against the DAX presented an initial target of 13,240. Secondary, if bettered, was up at 13,652 points. This has changed.

The index indeed achieved our primary target level, exceeding it quite nicely for a few sessions and has spent the last couple of weeks oscillating above and below our 13,240. We’re now able to update this index’ potentials, should it opt to break free of the current hiatus. Apparently movement now above 13,340 should attempt further growth to an initial 13,489 points. If exceeded, secondary now calculates at 14,561, a new all time high and a point at which we’d expect some pretty serious turbulence.

For it all to go wrong against the DAX, the index now needs fall below 12,450 points. Visually there appears little danger of this, the most imminent tripwire being the potential of weakness below 12,900 triggering reversal to 12,554 points.

Hey, chart goes here

Gold was last reviewed 3 weeks ago and little has changed. Overall, we still suspect it intends 1602 dollars on the current cycle, once some immediate amateur dramatics complete. It continues to appear the price of Gold intends some near term weakness with the result travel now below 1440 calculates with 1416 as a point at which we’d hope for a rebound. If broken, the price almost must bounce at 1389 dollars.

What interests us from these drop potentials is a simple question. If Gold does indeed reverse, will the price achieving 1416 happen around the same time the DAX (for instance) reaches 13,489 points. Such a correlation of markets would prove fascinating with one suggesting a Short position (and crossed fingers) while the other will want a Long position (and a lucky rabbits foot).

It’s the festive season, we can dream!

Hey, chart goes here
FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:54:12PM

BRENT

63.71

               

10:58:14PM

GOLD

1462.4

1458

1455.5

1446

1466

1467

1470

1474

1459

11:00:22PM

FTSE

7225.9

               

Shambles

11:02:33PM

FRANCE

5823.2

               

11:04:42PM

GERMANY

13073.16

               

11:08:13PM

US500

3134.17

3129

3123.5

3115

3142

3149

3161.75

3175

3119

‘cess

11:10:31PM

DOW

27891.4

               

11:26:02PM

NASDAQ

8352

               

‘cess

11:27:50PM

JAPAN

23347

               

9/12/2019 FTSE Closed at 7233 points. Change of -0.08%. Total value traded through LSE was: £ 4,791,115,303 a change of -0.49%

6/12/2019 FTSE Closed at 7239 points. Change of 1.43%. Total value traded through LSE was: £ 4,814,897,408 a change of -16.68%

5/12/2019 FTSE Closed at 7137 points. Change of -0.71%. Total value traded through LSE was: £ 5,778,792,615 a change of 2.21%

4/12/2019 FTSE Closed at 7188 points. Change of 0.42%. Total value traded through LSE was: £ 5,653,961,334 a change of -20.69%

3/12/2019 FTSE Closed at 7158 points. Change of -1.74%. Total value traded through LSE was: £ 7,128,755,265 a change of 21.45%

2/12/2019 FTSE Closed at 7285 points. Change of -0.83%. Total value traded through LSE was: £ 5,869,768,076 a change of 26.83%

29/11/2019 FTSE Closed at 7346 points. Change of -0.94%. Total value traded through LSE was: £ 4,628,092,745 a change of 28.25%

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