A Hard Look at GOLD (PM:XAU/USD)

#GOLD #SP500 This one is difficult. Once upon a time, we gave a target for Gold at $2800, not expecting such a level to be exceeded. Last year, on October 31st, the metal bubbled up to our target level, it immediately retreated, thus proving (thankfully) we’d been watching the correct trend. Unfortunately, the market was only willing to feed us 3 months of feeling smug, then the price of Gold boldly moved above our 2800 dollars at the start of February this year. It was now wandering into an area where we’d to admit we were as clueless as a UK politician in a room full of facts.

Quite genuinely, we’ve been forced to remain fairly silent on Gold until it becomes clear the market actually knows what it’s doing. But when we look back in time to 2002, we’ve discovered a trail of logic which allows for further growth in the price of the precious metal. Apparently, we are now to believe market closure above just 3,400 dollars should trigger gains in the direction of an initial 3,713 with our secondary, if bettered, calculating at 3,780 dollars.

We’re a little interested in these target levels, the close proximity suggesting a further price ceiling awaits. At present, we cannot calculate anything above 3,780, effectively expecting a repeat of what happened at our 2,800 dollar level. Over the years, this sort of thing has happened, when an object such as an index goes above a particular target level. For instance, when the DOW went above 36,000, it became a problem with dodgy calculations pointing at a future 45,000 as becoming a special target level of interest. The index has now brushed against this level twice, being forced to retreat each time, now giving the potential of reversals to 35,000 and perhaps a bounce. But should 35,000 break, all hell risks breaking loose.

And should the price of Gold intend go wrong, it now needs melt below 3,200 as this risks triggering reversals to 3,112 with our secondary, if broken, at 2,931. But for now, we think Gold intends bubble up toward the high 3,700 dollar level.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:15:45PM	BRENT	6550	6431	6381	6312	6515	6588	6702	6868	6486
11:18:19PM	GOLD	3359.16	3332	3326	3304	3362	3368	3377	3392	3344
11:23:03PM	FTSE	8789.7	8739	8707	8671	8779	8801	8814	8839	8781
11:27:14PM	STOX50	5385.6	5325	5309	5283	5350	5390	5403	5429	5373
11:35:27PM	GERMANY	24156	23817	23737	23596	23966	24161	24214	24347	24099
11:47:30PM	US500	5972.7	5900	5871	5834	5923	5980	5986	6034	5958	Success
11:51:12PM	DOW	42543.7	42054	41871	41635	42184	42578	42691	42816	42424
11:53:20PM	NASDAQ	21662.6	21360	21242	21084	21460	21716	21755	21998	21596
11:55:33PM	JAPAN	37788	37351	37222	37018	37547	37863	37922	38114	37692

3/06/2025 FTSE Closed at 8787 points. Change of 0.15%. Total value traded through LSE was: £ 5,606,086,540 a change of 3.39%

2/06/2025 FTSE Closed at 8774 points. Change of 0.02%. Total value traded through LSE was: £ 5,422,234,482 a change of -53.25%

30/05/2025 FTSE Closed at 8772 points. Change of 0.64%. Total value traded through LSE was: £ 11,598,431,042 a change of 144.4%

29/05/2025 FTSE Closed at 8716 points. Change of -0.11%. Total value traded through LSE was: £ 4,745,696,803 a change of -0.05%

28/05/2025 FTSE Closed at 8726 points. Change of -0.59%. Total value traded through LSE was: £ 4,748,118,751 a change of -20.39%

27/05/2025 FTSE Closed at 8778 points. Change of -100%. Total value traded through LSE was: £ 5,964,362,693 a change of 0%

23/05/2025 FTSE Closed at 8717 points. Change of 0%. Total value traded through LSE was: £ 7,245,191,684 a change of 0%

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:

********

Updated charts published on :