GOLD 6/01/2020

#Brent #DAX The theory, as always, remains. If GOLD is going up, Index’ will probably go down. Of course, how this plays out against the current backdrop of a potential WW3, an absent UK PM, and the superb drama; “The Masked Singer” on TV leaving an entire nation aghast at the sheer level of effluent they are being force fed. On the plus side, it’s pleasant finding television switched off and books being read. Thus, “The Masked Singer” is deemed excellent.

As for the price of Gold, it’s a bit more interesting as it’s trading at 1,552 at time of writing. There appears to be a real trigger level now at 1,556 dollars. If the metal now manages above this level, further movement to 1,593 looks very possible. But to be realistic, our mid term analysis continues to insist 1,602 as a major point of interest, a level at which some reversal becomes almost essential.

Of course, if the current global posturing gets hot, 1,602 could easily be ignored as a footnote in history in a headline rush uphill to 1634 and some certain stutters. Longer term, 1,831 dollars calculates as a major ambition.

The chart below highlights the early signals of Gold starting to bubble up. We’re pretty far from convinced index’s shall decline in reaction to Golds movements. Quite the converse as there’s a heck of an argument suggesting even the FTSE should continue heading north, challenging (and probably beating) the highs of 2018. The only puzzle is whether we shall see the usual (?) mid January market decline before surprise recovery.

Finally, Happy New Year and our best wishes for a profitable one.

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

9:04:49PM

BRENT

68.49

67.56

67.18

66.45

68.88

69.37

69.79

71.35

67.5

9:06:45PM

GOLD

1552.89

             

1543

9:31:02PM

FTSE

7594.79

             

7587

9:33:00PM

FRANCE

6022.7

             

5993

9:34:39PM

GERMANY

13178.05

13118

13036

12894

13222

13248

13273

13324

13160

9:49:27PM

US500

3234.67

             

3228

9:51:02PM

DOW

28635

             

28518

9:52:37PM

NASDAQ

8794.24

             

8786

10:08:49PM

JAPAN

23300

             

23260

 

 

3/01/2020 FTSE Closed at 7622 points. Change of 0.46%. Total value traded through LSE was: £ 3,912,167,844 a change of 21.73%

30/12/2019 FTSE Closed at 7587 points. Change of -0.75%. Total value traded through LSE was: £ 3,213,676,764 a change of 10.55%

27/12/2019 FTSE Closed at 7644 points. Change of -100%. Total value traded through LSE was: £ 2,906,900,069 a change of 0%

23/12/2019 FTSE Closed at 7623 points. Change of 0%. Total value traded through LSE was: £ 5,173,556,993 a change of 0%

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