#Gold #SP500 Scotgold, our local gold miner here in Argyll, enjoy a share price which looks pretty capable of becoming interesting. Thankfully, this time around it appears movement should be on the strength of actions, rather than speculative discussion on the internet. Thankfully we’re able to suggest a pretty sane looking triggering event, one which is thankfully close to the current share price.
Our trigger appears quite tame with a suggestion of movement next above 85p apparently being capable of price movement to an initial 91p. The key issue comes, if 91p is exceeded, as we shall be inclined to view the price recovery as fuelled by proper strength, rather than meaningless chatroom generated optimism. In the event the price exceeds 91p, further recovery toward 116p is anticipated with a future 140p looking distinctly possible. Historically, we’ve been far from amused at the damage done to the share price, thanks to premature speculation.
If things intend go horribly wrong for Scotgold share price, it needs reverse below 58p as this calculates with a reversal potential to an initial 48p with secondary, if broken, at a hopeful bottom of 33p.
As for GOLD, the yellow stuff has quite a strange story to tell!
The chart below shows a Blue trendline which the price of Gold is cheerfully ignoring. The metal price broke upward last November, then retreated below the trend. It made another upward stab in December and a 3rd attempt just last week. It’s noteworthy each breakout attempt achieved a lower high than the previous, the first attempt hitting $1,877 followed by $1,830 in December and $1,828 last week.
If this were a share price, we’d now advocate extreme caution as a series of ‘Lower Highs’ can often prove to be a viable warning sign for imminent sharp reversals.
In the case of the price of Gold, we’d now be quite concerned if the stuff melts below 1,782 as this could easily promote reversal to 1,726 initially with secondary, if (when) broken at a bottom of 1,676 and hopefully a proper bounce. The visuals tend imply the potential for a bounce at such a level, if our worst fears come to fruition.
However, if we pretend optimism, the stuff need only exceed 1,830 as this is supposed to trigger movement to 1,842. If bettered, there’s the potential of further oomph up to an eventual $1,902. This target level is visually important, the big picture demanding the price actually close a session above 1,902 for the future to become truly fascinating. Closure above $1,902 has an amazing potential, apparently telling us the metal should commence a long term cycle toward an eventual $2,544.
In summary, if we were to rely on Big Picture numbers, we’re supposed to be relaxed as it’s easy to extrapolate an eventual $2,544. However, the repeat trend breaks and reversals over the last three months risk damaging confidence, creating a situation where things could go horribly wrong, very, very, fast.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:16:27PM | BRENT | 86.12 | |||||||||
| 9:18:31PM | GOLD | 1820.31 | 1812 | 1806 | 1799 | 1821 | 1824 | 1826 | 1828 | 1817 | |
| 9:20:30PM | FTSE | 7610.21 | ‘cess | ||||||||
| 9:22:51PM | FRANCE | 7204.1 | Success | ||||||||
| 9:39:59PM | GERMANY | 15939.21 | |||||||||
| 9:41:34PM | US500 | 4663.5 | 4646 | 4636 | 4624 | 4670 | 4680 | 4704.5 | 4735 | 4653 | |
| 9:44:30PM | DOW | 35958 | |||||||||
| 9:46:49PM | NASDAQ | 15567 | |||||||||
| 9:48:45PM | JAPAN | 28385 |
17/01/2022 FTSE Closed at 7611 points. Change of 0.91%. Total value traded through LSE was: £ 5,779,249,970 a change of -10.18%
14/01/2022 FTSE Closed at 7542 points. Change of -0.28%. Total value traded through LSE was: £ 6,434,562,809 a change of 1.01%
13/01/2022 FTSE Closed at 7563 points. Change of 0.16%. Total value traded through LSE was: £ 6,370,299,567 a change of -13.58%
12/01/2022 FTSE Closed at 7551 points. Change of 0.83%. Total value traded through LSE was: £ 7,371,380,208 a change of 17.9%
11/01/2022 FTSE Closed at 7489 points. Change of 0.59%. Total value traded through LSE was: £ 6,252,372,247 a change of -8.66%
10/01/2022 FTSE Closed at 7445 points. Change of -0.53%. Total value traded through LSE was: £ 6,844,878,564 a change of 25.04%
7/01/2022 FTSE Closed at 7485 points. Change of 0.47%. Total value traded through LSE was: £ 5,474,069,038 a change of -10.83%
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:AML Aston Martin** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ODX Omega Diags** **LSE:POLY Polymetal** **LSE:RBD Reabold Resources PLC** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **
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Updated charts published on : Aston Martin, Aviva, Avacta, BP PLC, British Telecom, Carclo, Carnival, 4D Pharma, Diageo, ECO (Atlantic) O & G, Gulf Keystone, Glencore Xstra, HSBC, British Airways, ITM Power, Natwest, Ocado Plc, Omega Diags, Polymetal, Reabold Resources PLC, Spirax, Standard Chartered, Tullow,
LSE:AML Aston Martin Close Mid-Price: 1355.5 Percentage Change: -2.69% Day High: 1436 Day Low: 1345.5
This now requires exceed 1500 to suggest imminent recovery to 1634p with s ……..
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View Previous Aston Martin & Big Picture ***
LSE:AV. Aviva. Close Mid-Price: 439.6 Percentage Change: + 0.80% Day High: 440.3 Day Low: 436.3
All Aviva needs are mid-price trades ABOVE 440.3 to improve acceleration ……..
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View Previous Aviva & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 73 Percentage Change: -5.19% Day High: 75.5 Day Low: 71
It’s still the case of weakness below 67.25 pointing at 57 with secondary, ……..
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View Previous Avacta & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 393.75 Percentage Change: + 1.30% Day High: 395.1 Day Low: 389.4
In the event of BP PLC enjoying further trades beyond 395.1, the share sh ……..
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View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 181.05 Percentage Change: + 0.81% Day High: 183.3 Day Low: 179.85
Further movement against British Telecom ABOVE 183.3 should improve accel ……..
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View Previous British Telecom & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 33.2 Percentage Change: -3.07% Day High: 33.5 Day Low: 31.4
Weakness on Carclo below 31.4 will invariably lead to 22 with secondary, ……..
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View Previous Carclo & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1523.6 Percentage Change: + 1.87% Day High: 1538.8 Day Low: 1508.8
All Carnival needs are mid-price trades ABOVE 1538.8 to improve accelerat ……..
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View Previous Carnival & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 41.2 Percentage Change: -1.79% Day High: 41.5 Day Low: 39.9
In the event 4D Pharma experiences weakness below 39.9 it calculates with ……..
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View Previous 4D Pharma & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3733.5 Percentage Change: + 0.43% Day High: 3745.5 Day Low: 3705
Weakness on Diageo below 3705 will invariably lead to 3700 with secondary ……..
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View Previous Diageo & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 27.8 Percentage Change: + 1.09% Day High: 28 Day Low: 27.75
Further movement against ECO (Atlantic) O & G ABOVE 28 should improve acc ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 211.5 Percentage Change: -0.24% Day High: 221.5 Day Low: 209.5
Target met. All Gulf Keystone needs are mid-price trades ABOVE 221.5 to i ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 411.3 Percentage Change: + 1.98% Day High: 411.8 Day Low: 404.45
Target met. Further movement against Glencore Xstra ABOVE 411.8 should im ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 519 Percentage Change: + 0.46% Day High: 519.2 Day Low: 516.3
All HSBC needs are mid-price trades ABOVE 519.2 to improve acceleration t ……..
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View Previous HSBC & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 166.92 Percentage Change: + 0.91% Day High: 169 Day Low: 165.36
Continued trades against IAG with a mid-price ABOVE 169 should improve th ……..
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View Previous British Airways & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 342.4 Percentage Change: + 1.30% Day High: 349.2 Day Low: 333.4
Weakness on ITM Power below 333.4 will invariably lead to 313. If broken, ……..
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View Previous ITM Power & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 253.4 Percentage Change: + 1.56% Day High: 253.7 Day Low: 249.8
All Natwest needs are mid-price trades ABOVE 253.7 to improve acceleratio ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 1458.5 Percentage Change: + 0.93% Day High: 1479 Day Low: 1421.5
Weakness on Ocado Plc below 1421.5 will invariably lead to 1417 with seco ……..
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View Previous Ocado Plc & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 16.5 Percentage Change: -5.71% Day High: 17.75 Day Low: 16.25
Continued weakness against ODX taking the price below 16.25 calculates as ……..
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View Previous Omega Diags & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1154 Percentage Change: -0.73% Day High: 1172 Day Low: 1147.5
If Polymetal experiences continued weakness below 1147.5, it will invaria ……..
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View Previous Polymetal & Big Picture ***
LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.21 Percentage Change: + 20.00% Day High: 0.22 Day Low: 0.19
In the event of Reabold Resources PLC enjoying further trades beyond 0.22 ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 13510 Percentage Change: + 0.60% Day High: 13780 Day Low: 13315
In the event Spirax experiences weakness below 13315 it calculates with a ……..
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View Previous Spirax & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 527 Percentage Change: + 0.73% Day High: 535.4 Day Low: 526.2
All Standard Chartered needs are mid-price trades ABOVE 535.4 to improve ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 55.26 Percentage Change: + 2.41% Day High: 56.4 Day Low: 54
Continued trades against TLW with a mid-price ABOVE 56.4 should improve t ……..
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View Previous Tullow & Big Picture ***