Gold Trends (29 September 2015) - Updates of Mib Agenti

In the dailies, the short term directional indicators are freshly in this move lower and still has room for lower if it wanted to. 

It is good to see that the medium term trending indicator has finally succumbed from recent weakness. 

It resisted as best as it could but eventually the will of masses won out, for now. 

The longer term directional indicator is still lack lustre and the medium-long term indicator was compromised as gold tested below 1130 today but would resume it's earlier path should gold trade back above 1145. 

What is most discouraging is, the momentum/volatility indicators is listless and would really take something catastrophic to get it running. 

In the weeklies, the short term directional have only just began to show signs of weariness but not crossed over to the - soft side. 

The medium term trending indicators remain rigid in appearance and if fresh selling doesn't come, could just hold it above 1120 for now and continue looking rigid. while the long term directional indicators are still realigning itself. 

It will take at least 2 to 3 months before any signals becomes apparent. Looking at the tea leaves, although it is early yet, but maybe by that time, we could be trying higher.

Interim supports are at 1127, 1122 & 1117 with minor supports at 1128.20, 1118 & 1103.50.

Interim resistances are at 1135, 1153 & 1158 with minor resistances at 1142.20, 1157 & 1166.50.

The daily/weekly trend changer points are at 1114/1078.50.


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Gold Trends (28 September 2015) - Updates of Mib Agenti

In the dailies, the bulk of the short term directional indicators have mostly turned down with gold at current levels and some pressure is upon it. 

The medium term trending indicator has risen sufficiently to a nice height to "fall off" from, will see it having a good run lower, if new selling happens soon. 

In fact, it has started leveling off and if gold doesn't recover back to 1150's, could see it trying lower really soon. 

The long term directional indicator is a hair's breadth, maybe 2 hair's breadth from being confirmed and crossed over for gold to be testing higher but will it be a miss? 

The medium-long term trending indicator is still positive and none worse for the wear if gold doesn't trade to 1120 and languish there. 

If this indicator takes over the lead, could see gold try as high as 1190. 

Looking at the momentum/volatility indicators, maybe gold may not run too far away for now. 

In the weeklies, a handful of the short term directional indicators has started sagging, coiffed at the apex but not yet started moving in the downward force. 

The medium term trending indicator strangely seems to be immune to the gold's currently level and maintain it's stiff back. 

The long term directional indicators is showing no cues yet as it still struggles to find itself first.

Interim supports are at 1133.50, 1128 & 1115 with minor supports at 1130.60, 1124 & 1118.

Interim resistances are at 1141, 1145.50 & 1155 with minor resistances at 1143, 1157 & 1166.50. 

The daily/weekly trend changer points are at 1111.30/1078.50.

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Gold Trends (24 September 2015) - Updates of Mib Agenti

Any whispers from the Feds easily stirs the market. 

Just one word the market came up and another word the market is pressured. 

If only if they whispered first to my ear before others, would be very enRICHing indeed. 

Gold made a nice high yesterday but was quickly unravelled. 

In the dailies, the short term directional indicators did a mid air acrobatic maneuver and turned higher. 

However with prices at current levels causes the indicators to crest the apex of this move, makes one nervous to be holding long around here. 

The medium term trending indicator remains undaunted for now with the longer term directional indicator having the chance to come into contention. 

All that is required is to close above 1150 by next Wednesday. 

The medium-long directional indicator confirmed and is usually good for at least 2 weeks. 

So even if it doesn't go higher, gold will likely remain on the firmer side for a little while. 

In the weeklies, the short term directional indicators managed to nullify the earlier weakness and righted itself. 

The medium term trending indicator looks nicer than 2 days back and have a good chance to attempt the zero line in about 3 weeks time to go back into positive territory. 

The longer term directional indicator is still sorting itself out and will unlikely lead the market any time soon. 

However, the momentum/volatility indicators did revved up 2 notches, it still needs to revved up by another notch and half to really get it moving.

Interim supports are at 1140.50, 1134.50 & 1131 with minor supports at 1132.80, 1128.20 & 1118.

Interim resistances are at 1158, 1161 & 1172 with minor resistances at 1157, 1166.50 & 1177.

The daily/weekly trend changer points are at 1108.50/1077. The weekly point was triggered yesterday so the market looks supported at the moment and hopefully we make our way higher. A closing above 1150 tonight is crucial if not, we start next week looking softer.

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Gold Trends (23 September 2015) - Updates of Mib Agenti

Gold managed to claw back some ground today however it is making some of the short term directional indicators in the dailies coiling up like a spring but it is generally pointing south but nearer to the overbought region. 

If somehow it manages to pull higher above 1140's, then possibly, mid-air acrobatics would be witnessed and we may have a mini run higher still. 

The medium term trending indicator is looking less positive but has not yet crossed to downward bearing. 

The long term trending indicator is still in limbo. 

However, there is a medium-long term indicator on the crux of indicating some potential higher but closing above 1140's is essential today. 

If it does, we might be poking at least 1165 maybe next week. 

In the weeklies, the short term directional indicators are making jagged patterns. 

The medium term trending indicator maintains positive overtones. 

While the long term directional indicator is only about to plateau and needs gold to close at least 1150 or higher. 

That aside, the momentum/volatility indicators in both are too low for any serious moves and need to rev up 3 notches before anything can be made of the moves.

Interim supports are at 1128, 1125 & 1121 with minor supports at 1118, 1103.50 & 1070.40. 

Interim resistances are at 1144.50, 1162 & 1167.50 with minor resistances at 1143, 1157 & 1166.50.

The daily/weekly trend changer points are at 1103.90/1153.60.

p.s. Mib Agenti is away 1 day for Eid holidays.

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Gold Trends (22 September 2015) - Updates of Mib Agenti

In the dailies the short term directional indicators have just turned down. 

Hopefully it gains sufficient traction and also overrun the medium and longer term indicators which could bring us to at least 1050. 

That will at least bring fresh interest to the market compared to the current levels with only minimum volumes plying through. 

The medium term trending indicator's ascent is tapering off and weighed down with gold below 1130 and should be able to resist downward pressures for at least another day or two before any confirmation might be seen, if it comes to pass. 

The long term directional indicator has gone back to consolidation zone and will not be likely to see new directions at the end of the week, it's just a tad too far. 

The momentum/volatility indicators are just purring, not yet reach frantic levels. 

In the weeklies, the short term directional indicators are downward sloping so might provide some pressure for now. 

The medium term trending indicator remains unmoved with upside bias for now while the longer term directional indicators suggest it is trying to reach a state of stasis.

Interim supports are at 1120, 1112 & 1096 with minor supports at 1118, 1103.50 & 1070.40. 

Interim resistances are at 1129, 1145.50 & 1159 with minor resistances at 1132, 1142.20 & 1157.

The daily/weekly trend changer points are at 1102.30/1153.60.

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Gold Trends (21 September 2015) - Updates of Mib Agenti

Gold finally decided to play on the upper side while I was away on the Feds staying away from raising interest rates. 

There were talks that maybe we will be looking at another QE soon, with the world's economy the way it is now. 

That aside, in the dailies the short term directional indicators are showing slight signs of going into the overbought zone. 

However, the momentum indicators still haven't gained sufficient ground to turn the credible move into an incredible move. 

The medium term trending indicators seem to be tapering off as well and the long term directional indicators are not giving much of a clue at the moment. 

It may well be re-positioning itself during the past month, for the next move. 

If we are lucky, the signals might be triggered by the end of the week and if I were to make a guess right now, I would probably say we might just try lower after that. 

In the weeklies, the short term directional indicators are peaking while the medium term trending indicators are still maintaining their upside bias. 

The longer term directional indicator was earlier mildly having slight downward pressures but close to cutting off the engine unless it somehow got reignited again.

Interim supports are at 1126, 1122.50 & 1118 with minor supports at 1128.20, 1124.40 & 1103.50.

Interim resistances are at 1144.50, 1160.30 & 1170.50 with minor resistances at 1142.20, 1157 & 1166.50.

The daily/weekly trend changer points are at 1100.70/1153.60.

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Gold Trends (14 September 2015) - Updates of Mib Agenti

The dailies look sickly and the only thing holding gold here is the momentum/volatility indicators which are at really low levels. 

So what we saw/seeing recently/now, gold being able to break previous low but rebound soon after will likely persist longer until it picks up significantly, at least 3 folds, and hopefully we can get a better push lower. 

The medium term trending indicators are still looking weak but without gold tendering near the previous low (1100) and somehow manage to hold nearer the 1110 levels at least till the end of week, the indicators will have had a chance to build on that and may attempt to turn back up from here. 

The short term directional indicators looks like it may have reached the end for this run with some of them appearing to be in the midst of trying to twist back higher. 

If gold doesn't hold above 1115 at the end of the week, then the long term directional indicators will likely start looking soft. 

In the weeklies, the indicators are all being weighed down with gold below 1110 and adding just a little pressure. 

If it does run lower, possibly 1050 will be the next target.

Interim supports are at 1099, 1080.50 & 1074 with minor supports at 1103.50, 1070.40 & 1030.80.

Interim resistances are at 1115, 1122.50 & 1135 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1141.80/1160.30.

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p.s. Mib Agenti is away for the week. Updates should resume next week.

Gold Trends (10 September 2015) - Updates of Mib Agenti

Traders tried hunting for stops in the wee hours in the previous session and gold was pushed to attempt the psychological level around 1100. 

Probably none was found and instead, likely hit some limit orders and it rebounded gently and never came close to challenge that again. 

With that move, the daily short term directional indicators is almost spent for now and almost gone into the oversold region and it will try to get a leg up when it turns back higher. 

The medium term trending indicator is looking a mite better as the gradient is steepening again. 

The longer term directional indicator is still not showing new clues of the next move. 

The weeklies with gold where they are, the short term directional indicators are starting to look heavy with some that has turned down. 

The medium term trending indicator is showing signs of fatigue and almost crossed, back lower. 

It's a pity that the volatility/momentum indicators are of not much aid and likely curtail it moving too widely.

Interim supports are at 1101, 1080 & 1075.50 with minor supports at 1103.50, 1070.40 & 1030.80.

Interim resistances are at 1116, 1123.50 & 1145 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1150.50/1167.50.

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Gold Trends (9 September 2015) - Updates of Mib Agenti

At long last gold decided to move a wee bit more than yesterday.

The stillness was deafening and was almost like being in the eye of the storm.

Let's wait out and see if the widely anticipated shemitah (supposedly happens on 12&13 Sept) is catastrophic.

Looking at the dailies, the momentum/volatility indicators in particular, it may not make too much with this move but I hope I am wrong.

The short term directional indicators are now a little mixed but with slightly more bias on the downside.

Then the medium term trending indicator is still par for the course and if it had it's way, we could be breaking the previous low and 1040 could be a reality, that is, it has more room to run lower if it suited.

The long term directional indicator has gone into passivity and may require 3 or more weeks to be awakened.

The weeklies bespeak a different story in the medium term indicators, that is, it is still gently bearing north but generally the short term indicators are all mixed with the longer term indicator being compromised for now.

Interim supports are at 1102, 1087 & 1078 with minor supports are at 1103.50, 1070.40 & 1030.80.

Interim resistances are at 1119, 1125.50 & 1129.50 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1154.80/1167.50.

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Gold Trends (8 September 2015) - Updates of Mib Agenti

Gold is confused as to where it should be headed in it's next move on the back of whether or not rates will be upped or remains status quo.

In the dailies, brakes are being applied right now and try to halt it from looking too soft and the attempt this time round will be more easily manoeuvrable as it will then be lifting off nearer the ground rather then near the apex when attempting to upstage it when it was around 1140's.

So all it needs to do is hold at least 1120 till the week's end and it's done without expending too much resources to do it.

The medium term trending indicators are still bearing south and the long term directional indicators are showing it might go into dullness.

A lack of drive in the volatility/momentum might mean erratic trading/choppiness ahead, depending on what's going through it at that time and is easily pushed around without much depth to the moves.

In the weeklies, it is looking mildly positive as some of the indicators are coming up from the lows with the medium term indicators not too badly crooked or crossed over yet.

Interim supports are at 1119, 1114.50 & 1104 with minor supports at 1118, 1103.50 & 1070.40.

Interim resistances are at 1126.50, 1129.50 & 1142 with minor resistances at 1123.20, 1132 & 1157.

The daily/weekly trend changer points are at 1157.30/1167.50.

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Gold Trends (7 September 2015) - Updates of Mib Agenti

In the dailies, by now, due to the 1140 level not being held on to, in the charts, the majority of the indicators are all starting to look sluggish, if not, on a softer footing.

The short term directional indicators failed in their mid-air turning routine and are now looking heavy laden.

The medium trending indicators have just turned freshly for the lower.

All gold needs to do is close below 1110 and the long term trending indicator will be activated and add fresh pressure and the 1100 may not be sufficient to prop it up.

However, the momentum/volatility indicators are too low to give it a good push in either direction.

So trading will remain skittish for a while longer. In the weeklies, the short term directional indicators are looking weary and might be sucked lower.

The medium term indicators is starting to round off but has not yet started to look pressurised.

Interim supports are at 1115, 1102.50 & 1086.50 with minor supports at 1103.50, 1070.40, 1030.80.

Interim resistances are 1129, 1141 & 1157 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1159.90/1167.50.

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Gold Trends (1 September 2015) - Updates of Mib Agenti

Gold is led by the nose by whatever is happening in any markets at the moment and remains easily manipulated and awaiting confirmation of the FOMC's rate decision.

In the dailies, gold will be successful in scoring a hat trick, that is, keeping above 1140's till the end of the week, and the medium term trending indicator would have been co-opted opening some upside potential.

If gold manages to clear 1175-80 by the middle of next week, might see underpin there after that for at least 2 weeks or more.

Working against any big moves will be the low momentum/volatility indicators will have gold dragging it's feet behind it.

Failure to sustain the 1140's might see gold plunge lower again but the same issue of low momentum.

The short term directional indicators in the weeklies are peaking and so may temporarily put the brakes on attempts higher. With the technicals where they are, drivers of the market will be news and other developments.

Interim supports are at 1135.30, 1126 & 1116.50 with minor supports at 1132.80, 1128 & 1123.50

Interim resistances are at 1140.50, 1161.50 & 1165.50 with minor resistances at 1143, 1157 & 1166.50

The daily/weekly trend changer points are at 1164.45/1168.40.

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p.s. MIB is away for 3 days.