#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.
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%
This post has already been read 698 times!
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%
This post has already been read 698 times!
This post has already been read 698 times!