{"id":1009,"date":"2019-06-16T23:11:26","date_gmt":"2019-06-16T22:11:26","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1009"},"modified":"2019-06-17T07:55:16","modified_gmt":"2019-06-17T06:55:16","slug":"gold-for-17-06-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/06\/16\/gold-for-17-06-2019\/","title":{"rendered":"Gold for 17\/06\/2019"},"content":{"rendered":"\n

#Brent #DAX <\/strong>The \nprice of GOLD appears on the verge of becoming properly interesting again. Of \ncourse, this has only occurred since we started to speculate whether  \nBitcoin was becoming the new ‘contrary’ indicator for the markets, overall. But \nnow, something quite useful seems to be awakening Gold from its recent slumbers.<\/p>\n\n\n\n

Perhaps we’re being churlish, describing the metal \nstuck in a 300 dollar range since 2014 as a “slumber” but a glance at the chart \nbelow illustrates, despite it going up and down a bit, we’d need be generous to \nattribute any link to Gold behaviour with, for instance, Dow Jones behaviour. \nHowever, all this appears to be on the point of changing but with an important \ncaveat. If the metal actually CLOSES a day above 1350 dollars – or trades beyond \n1357 dollars – there is a very reasonable excuse to speculate on some coming \nreasonable growth.<\/p>\n\n\n\n

Visually there’s a historical issue at the 1350 level, \nthanks to a glass ceiling being in place since June 2014. If we forget \narithmetic and simply use common sense, once the shiny stuff is seen solidly \nexceeding this Glass Ceiling (or Flat Trend), a majority of traders will assume, \ncorrectly we suspect, Gold is heading skyward. Thus far, we’ve only one \nreservation regarding its prospects and we’ve circled it on the chart.<\/p>\n\n\n\n

The price broke the BLUE downtrend at 1288 dollars. \nSince the point of trend break, the metal has closed a couple of sessions below \nthe point of trend break. This sort of thing tends dampen enthusiasm for the \nfuture, along with fouling our calculations.<\/p>\n\n\n\n

For now, we can calculate trades above 1357 should \nbring an initial 1385 within range. If such a level is bettered, our secondary \ncalculates at 1401 dollars though, to be honest, it could easily continue \nacceleration toward 1537, a level where some hesitation seems essential.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Prior<\/font><\/TD> <\/TR>\n

FUTURES<\/font><\/a><\/p>\n

\n\t

11:56:11AM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

61.56<\/font><\/TD>

\n\t

60.3<\/font><\/TD>

\n\t

59.475<\/font><\/TD>

\n\t

58.56<\/font><\/TD>

\n\t

61.67<\/font><\/TD>

\n\t

61.95<\/font><\/TD>

\n\t

62.19<\/font><\/TD>

\n\t

62.82<\/font><\/TD>

\n\t

60.95<\/font><\/TD>

\n\t

<\/TD> <\/TR>\n

\n\t

11:58:15AM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1342.32<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

12:00:47PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7373<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

12:02:55PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5372.5<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

12:04:48PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12126<\/font><\/TD>

\n\t

12046<\/font><\/TD>

\n\t

12014<\/font><\/TD>

\n\t

11951<\/font><\/TD>

\n\t

12111<\/font><\/TD>

\n\t

12136<\/font><\/TD>

\n\t

12148<\/font><\/TD>

\n\t

12182<\/font><\/TD>

\n\t

12076<\/font><\/TD>

\n\t

<\/TD> <\/TR>\n

\n\t

12:07:48PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2890.92<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

12:13:04PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26118.2<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

12:17:07PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7479.75<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

12:19:18PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21040<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n\n<\/TABLE>\n\n

14\/06\/2019 FTSE Closed at 7345 points. Change of -0.31%. Total value traded through LSE was: \u00a3 5,550,869,325 a change of 12.74%<\/h>\n","protected":false},"excerpt":{"rendered":"

#Brent #DAX The price of GOLD appears on the verge of becoming properly interesting again. Of course, this has only occurred since we started to speculate whether  Bitcoin was becoming the new ‘contrary’ indicator for the markets, overall. But now, something quite useful seems to be awakening Gold from its recent slumbers. Perhaps we’re being … <\/p>\n

Continue reading “Gold for 17\/06\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1009","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1009"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1009\/revisions"}],"predecessor-version":[{"id":1011,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1009\/revisions\/1011"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1009"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}