Gold Trends (14 December 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are cutting lower today as gold is continually closing lower and so, the indicators are motivated to go back to looking soft. 

It has come off to the 35% level and not much length to go before it contacts the oversold region. 

Only if the recent lows are compromised, otherwise, it might just careen off the oversold region and push back a little higher. 

The medium term trending indicators are tapering off, but have not yet yielded to the attempts to push gold lower and continue keeping itself more positively. 

Possibly, a closing below 1155 would do the trick and with follow through selling behind it, could send gold back to the 1100’s. 

The long term directional indicators are so close to each other and only needs gold to push and close back above 1178 at the minimum to cancel out the bearish tones. 

Once that’s done, gold could retrace back towards 1200 in the interim. 

The momentum/volatility indicators are still maintaining status quo, that is on the high side but, without the forces building up with the only advance being, it could easily become more forceful ad libitum and build up into something sizeable and purposeful. 

There is just but the tiniest of a shadow that the negative bias, gap, getting just a tad narrower and still too early to confirm if more recovery is in order.

Interim supports are at 1153, 1146 & 1139 with minor supports at 1161.50, 1156.30 & 1144.60.

Interim resistances are at 1167, 1178 & 1194 with minor resistances at 1170.20, 1177.20 & 1183.50.

The daily/weekly trend changer points are at 1168.75/1296.65.

Note: The market maybe looking for a cheap way to change the tone of the market and waiting for the daily trend changer point to come into play and take less resources to trigger it off.

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Gold Trends (13 December 2016) - Updates of Mib Agenti

I was called away for some official business and just back today. In the daily charts, the short term directional indicators had recovered back to the 45% level before being pulled back lower and also cut downwards. 

There is some probability that recent lows might be breached as there is some height at which the indicators are turning down from and should be pushing back into the oversold region in a couple of days at the earliest. 

The medium term trending indicators have recovered back to the parity line but the gradient of the ascent is steadily tapering but the direction has not been averted yet. 

A closing below 1155 will very likely cause a change in the direction but this must be achieved by the week’s end or the job becomes doubly hard.  

The long term directional indicators are southward bearing and came very close to being negated but it somehow stubbornly refused to be cowed.  

The momentum/volatility indicators almost reached the stage where it was going to start to boil but as quickly as it crept up, it has gone on to a holding position.  

Even if it manages to continue holding, at the opportune time, it could start a fresh assault at the lows and go into a running pace. 

The negative bias is similarly is holding steady, neither increasing nor decreasing.

Interim supports are at 1155, 1146 & 1137.50 with minor supports at 1156.30, 1144.60 & 1132.80.

Interim resistances are at 1167, 1172 & 1180.50 with minor resistances at 1166.50, 1189.60 & 1191.

The daily/weekly trend changer points are at 1173.10/1296.65.

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Gold Trends (8 December 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are creeping up surely but slowly. 

It has crept to above the 40% mark now but gold is just not moving higher with the indicators which makes one concerned if gold is going to try to move higher at all. 

The danger being that the indicators continue higher while gold is stuck and once these indicators move too high, it turns and gold is will be caught in the crossfire and suffer yet another sell off, hopefully not a major one when that happens. 

The medium term trending indicators are recovering really well and come back up about a third when it sold off. 

The long term directional indicators negative bias have almost been negated and if gold still holds nearer the 1980’s, it will be done. 

The momentum/volatility indicators are down a couple of notches and the negative bias gap is narrowing but is a long way off from being converted any time soon.

Interim supports are at 1160.50, 1158 & 1145 with minor supports are at 1168.70, 1161.50 & 1156.30.

Interim resistances are at 1177, 1192.50 & 1195.50 with minor resistances are at 1180.70, 1185 & 1191.

The daily/weekly trend changer points are at 1181.55/1315.85.

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Gold Trends ( 7 December 2016) - Updates of Mib Agenti

I am just back for a week before zipping off again. 

In the daily charts, the short term directional indicators have recovered remarkably well but gold prices have not been in tandem. 

The indicators have now recovered to around the 35-40% mark and looks like it might hold there. 

This could mean a springing effect on gold prices later, failing which, if the indicators recover too high, that is around the 70% mark, could mean another round of bashing of gold with new lows being made. 

The medium term trending indicators are poised similarly and northwards bearing, pushing off from a low level still and well below the parity line. 

Should gold start running higher towards the year’s closing, i.e., Capricorn effect or even funds’ book closing, might see gold pushing and closing above at least 1200 for the year. 

The long term directional indicators are on their last frontier and almost on the verge of converging and cancelling the soft bias, which is slightly long drawn. 

In all likelihood, this will be achieved by the week’s ending. 

The momentum/volatility indicators are about 3 notches before the market turns hot and the negative bias is turning slightly more positive as the gap is narrowing a little.

Interim supports are at 1160.50, 1144 & 1139 with minor supports at 1168.70, 1161.50 & 1156.30.

Interim resistances are at 1178-.50, 1194 & 1199.50 with minor resistances at 1180.70, 1185 & 1191.

The daily/weekly trend changer points are at 1187.70/1315.85.

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Gold Trends (25 November 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators remained totally unruffled by the dishoarding in the Asian hours and probably attributed to the news of India banning gold imports. 

By remaining unfazed earlier, and with the rebounding off the lows, have now helped both prongs to be just poking above the oversold line. 

The Asian move resembles a little like “blow off steam” and if that is correct, marks that the lows might have been made and seen for this run down and some recovery might be due. 

The medium term trending indicators have put on the hand brakes, crumbled into a spot, with one prong trying to turn back higher but are still far from being confirmed. 

The long term directional indicators are still maintaining their poise and still purposeful. 

New lows needs to be found in order for these indicators to continue looking good and must not stabilize or else it will give the market a chance to try to avert the direction. 

The momentum/volatility indicators have finally moved up quite a few notches and to levels where it is ready to take flight but hope that the selling pressure maintains and these indicators take over for a little while and give us a good length at the lower end, a run towards 1100.  

Just as well, the negative bias is also widening so we might have a chance yet.

Interim supports are at 1181, 1175 & 1161 with minor supports at 1182.50, 1178.60 & 1168.70.

Interim resistances are at 1197, 1204.50 & 1207 with minor resistances at 1191, 1196.70 &1207.50.

The daily/weekly trend changer points are at 1253.50/1347.20.

NOTE:   Mib Agenti will be travelling next week.

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Gold Trends (24 November 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators did not succumb to the weighty drop in gold prices from yesterday, one of the prongs is holding steadily and back above the oversold region while the other is still trying to bring it above the line. 

So it seems the line defining whether or not it is oversold, is acting like a barrier for gold to push higher. 

If gold continues to dwell nearer to the recent lows, below 1190’s, then, despite the technical at such low levels, might cause gold to have a prolonged session of running lower. 

The medium term trending indicators were derailed and became unconfirmed again with a possibility of further dips lower, if it suited. 

The biggest worry is, it is so deep in, it will be tough to push too much lower, maybe 1160 before the indicator matches the same depth as the previous round down. 

The long term directional indicators are becoming more alive again as prices touched lower and relief is given that the direction is not in danger of being over just yet, or at least, even if it doesn’t push lower, it might be staying nearer to the lower end of the recent ranges. 

The momentum/volatility indicators pitched higher a couple of notches and pushing slightly deeper to the negative end.

Interim supports are at 1184, 1175 & 1161 with minor supports at 1182.50, 1178.60 & 1168.70.

Interim resistances are at 1197, 1202 & 1210 with minor resistances at 1189.60, 1196.70 & 1207.50.

The daily/weekly trend changer points are at 1265.30/1347.20.

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Gold Trends (23 November 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators missed out on confirming pushing back positively above the oversold region and instead, fresh selling has appeared in the market and this ought to keep the indicators continuing to give out negative vibes and remain pressured. 

However, the closing level is crucial as to where the market will likely head, going into the Thanksgiving holidays. 

A closing sub-1200 could mean the pressure will be maintained and if above that, then the market will likely stabilize and recover. 

The medium term trending indicators have cut up but have not yet started to widen the gap between each other. 

If it refuses to bend to the will of the current pressures, that is, remains poised and cutting up for the higher, then gold will likely spring back higher over the next 2 sessions. 

The long term directional indicators extended its shelf life with the nice move lower and prolonged its demise by at least half a week. 

A closing below 1200 would suggest that market stubbornly refuses to stabilize and seeks to see new and fresh lows. 

The momentum/volatility indicators are driven 2 notches lower with faintly remains buzzing.

Interim supports are at 1185, 1166 & 1155 with minor supports at 1182.50, 1178.60 & 1168.70.

Interim resistances are at 1200, 1204 & 1217.50 with minor resistances at 1196.70, 1207.50 & 1210.20.

The daily/weekly trend changer points are at 1276.75/1347.20.

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Gold Trends (22 November 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are stepping back nicely away from the oversold region. 

However, it’s only half way confirmed and needing the other leg to swing over as well. 

Once both legs are crossed over, coming off from nearly zero level, should set gold up for some recovery and we may have a chance to push till at least 1250. 

The medium term trending indicators have turned back up now and confirmed cutting up. 

Since it had ran really deep earlier, potentially could put gold up for keeping more to the higher side for a considerable period, maybe at least 2 weeks. 

It might also send gold towards 1280 before starting to look fatigued. 

The long term directional indicators are softening on it’s push lower now and the negative inclination could be negated by the week’s ending. 

The momentum/volatility indicators are dribbling a lot lower today with the negativity abating and a mild push towards totally cancelling it.

Interim supports are at 1208.50, 1200 & 1195.50 with minor supports at 1212.60, 1205.50 & 1190.60.

Interim resistances are at 1225.50, 1238.50 & 1251.50 with minor resistances at 1221.70, 1231.40 & 1240.70.

The daily/weekly trend changer points are at 1284.90/1347.20.

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Gold Trends (21 November 2016) - Updates of Mib Agenti

Gold pushed higher during Asia hours and continued to be buoyed in the London zone. 

In the daily charts, the short term directional indicators have successful cut up from below and have reached the bottom barrier of the oversold region and it should be able to push back above that soon enough. 

If that’s done neatly, indicates that in the near term, the lows have been seen and set and gold will likely have some retracement. 

If it’s a good retracement, we might see gold testing 1275 and if it’s a gentle recovery, then, maybe up to 1255 only. 

The medium term trending indicators had gone sufficiently deep enough and almost matching the earlier low in this indicator. 

It is also veering a little and susceptible to pulling back a little higher for now. 

However, it is still days off, from cancelling the down trend, or, to cut back for the higher.  

The long term directional indicators are having a respite as gold did not manage to thrash the 1200 and if gold keeps tending well above the recent lows and nearer to 1220, then the direction will be negated before long. 

The momentum/volatility indicators are pulling back again and down 2 notches. 

Just as well, it has become just a little more positive as the gap narrows.

Interim supports are at 1205.50, 1200 & 1187.50 with minor supports at 1204.70, 1190.60 & 1182.50.

Interim resistances are at 1218.50, 1228.50 & 1238 with minor resistances at 1221.70, 1231.40 & 1240.70.

The daily/weekly trend changer points are at 1293.95/1347.20.

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Gold Trends (18 November 2016) - Updates of Mib Agenti

During the Asian and early London hours, gold continually tried pushing towards the 1200 but the early selling evaporated as bargain hunters kept snatching at it and eventually it recovered from the lows and steadied itself. 

In the daily charts, the short term directional indicators are so near to the bottom and have in fact, confirmed cutting up. 

In order for the market to take advantage of this next week, could perhaps be, the missing ingredient, a good closing for the week of at least 1215 or higher. 

The medium term trending indicators have only relented just a little and for the most of it, still stacked more on seeing further action on the downside. 

It needs gold to close at least 1225 before any semblance of the market slowing down and have a chance at some correction. 

The long term directional indicators are continuing to look good and only a move and close above 1240 will bring it under control and a phase for some consolidation before the new direction emerges. 

The momentum/volatility indicators are pushing higher a couple of notches but still not reach the red zone. 

It needs to push up another 3 notches before it can be really interesting, with a bigger move in its sleeve. 

The negative bias continues to build up for now and far from turning positive any time soon.

Interim supports are at 1199, 1191.50 & 1184 with minor supports at 1202.60, 1190.60 & 1182.50.

Interim resistances are at 1217.50, 1221.50 & 1231.50 with minor resistances at 1218.50, 1221.70 & 1231.40.

The daily/weekly trend changer points are at 1304/1356.35.

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Gold Trends (17 November 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have pushed deep into the oversold region and was caught somewhere between a rock and a hard place and nothing more could be milked from the earlier weakness of last week. 

So these indicators look like it is trying to bottom out and pulling back a bit higher and on the verge of cutting back up. 

This will be more significant if it pushes back above the oversold region and we possibly have a recovery on our hands and could test up to 1265. 

The medium term trending indicators are starting to finally show a little resolve as it is trying hard to pull back into itself but the task remains arduous for now as the gap is rather wide so that could likely cause gold to continue to falter as it attempts to regain higher ground for the week or so. 

The long term directional indicators continue to points downwards but looks like it might try to level off and the bearish signals will be negated soon. 

The momentum/volatility indicators have cooled off by a few degrees after the past few sessions of not having going near to the recent lows. 

The negative bias is just maintaining at current levels but just one leg is being gently lifted and could again increase the bias but that does not necessarily mean the recent lows will be reached.

Interim supports are at 1221, 1214 & 1201 with minor supports at 1219.40, 1215 & 1208.80.

Interim resistances are at 1228, 1233 & 1240.50 with minor resistances at 1231.40, 1238 & 1242.

The daily/weekly trend changer points are at 1312.10/1356.35.

Note: Mib will be back just 2 days and travelling the week after.

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Gold Trends (08 November 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have turned down very nicely and pushing nearer the 70% mark now. 

This should give selling a boost as the move is at its densest point these couple of days but if no new lows are seen, then, even if it does push lower, will be in a staggered manner. 

The medium term trending indicators have only just confirmed cutting down and it will be a matter of days before it will assaults the parity line. 

If the parity line is convincingly broken, then the recent lows will be reviewed very shortly. 

The long term directional indicators are bent double backwards and maybe just a day away that it might give. 

Once it goes back within the bands, could see gold start to go back to nondescript activity with slow and sloth-like movements. 

The momentum/volatility indicators are many notches lower again today and the fading positive bias, has all but totally evaporated.

Interim supports are at 1278.50, 1262.50 & 1253 with minor supports at 1279.60, 1270.60 & 1267.20.

Interim resistances are at 1289, 1292.50 & 1310.50 with minor resistances at 1291.40, 1305.90 & 1316.

The daily/weekly trend changer points are at 1277.70/1362.05.

Note: The daily trend changer point is in danger of being compromised today, just a few ticks lower and it’s a done deal.

Mib will be away for the next 2 weeks and back only on the 21^st Nov.

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Gold Trends (07 November 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators made an etching at the barrier of the overbought region and turned lower from there. 

In itself, not a very good omen as it could mean softness for at least a week and a half. 

The medium trending indicators have fallen short of their potential as it failed to close above 1310 at last week’s closing. 

Having recovered well and had a good run higher, it has achieved a considerable height. 

These indicators are trying to cut and confirm lower and if it is successful, will put tremendous pressure on gold and it will be utterly depressed and a re-visit of recent lows is not out of the question.  

The long term directional indicators are still intact and should help bolster the market around here and slippage might be capped. 

However, drifting too far away from recent highs will put a strain on these indicators and it might be forced to bend with the wind and succumb to fresh selling pressures. 

The momentum/volatility indicators was on the verge of pushing it up a couple of notches but as of last Friday’s move, remained unmoved but the positive bias, is getting a lot narrower and maybe 3 days from a turn around.

Interim supports are at 1284, 1278.50 & 1262.50 with minor supports at 1282.50, 1278 & 1270.60.

Interim resistances are at 1289.50, 1298 & 1310 with minor resistances at 1291.40, 1305.90 & 1316.

The daily/weekly trend changer points are at 1274.85/1362.05.

Note: Possibly Clinton’s “exoneration” triggered a bout of selling as the market opened markedly lower from New York’s closing.

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Gold Trends (04 November 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are just latching on to the overbought region, but have not protruded into the region yet. 

The fear now is, it is unable to successfully break through this barrier today, then further attempts to push higher next week will be like tying weights to your feet while trying to do high jump. 

So gold needs to push above 1310 tonight and close above that. 

The medium term trending indicators are steadily climbing higher and are showing that the gold will likely continue to be on a firm footing into next week. 

However, it must seek to anchor itself higher in order to prevent the inertia from stopping altogether and then trouble begins. 

The long term directional indicators are moving along curtly and there can be no dallying or risk a fall out back into a congestion phase. 

Gold must not close below 1280 or else, all will be for naught. The momentum/volatility indicators are starting to waver here but still well below the hot zone. 

It needs to be pumped up 2 more notches to send gold moving more purposefully. 

The positive bias is shrinking a little today but likely not in danger of being overridden.

Interim supports are at 1293.50, 1288.40 & 1283.40 with minor supports at 1298.30, 1294 & 1282.50.

Interim resistances are at 1310.30, 1318 & 1326.50 with minor resistances at 1309.90, 1316 & 1335.50.

The daily/weekly trend changer points are at 1270.40/1364.55.

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Gold Trends (03 November 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are stalling just beneath the overbought region, just what is it waiting for? 

Maybe the market is positioning itself for the onslaught of more presidential sensitive type news to be the harbinger of the next move? 

At the last round of news and without new developments, could mean a slight edge for Trump as we head into the elections. 

The medium term trending indicators are pushing northwards and paint a nice picture without any kinks to break the lines. 

If it continues its’ run up, it probably has a week’s worth of upside probing before it starts to be toppish at the earliest. 

The long term directional indicators are a sight to behold and this will keep gold tending to the higher side for a little while more. 

If we are lucky, we may get to 1325 on this run. 

The momentum/volatility indicators are levelling off and not increasing at the moment and once it starts stalling, could see a disinterest building up and volumes go into a tailspin. 

The positive bias is backpedaling a little today as it became less positive.

Interim supports are at 1289, 1283.50 & 1278.50 with minor supports at 1294, 1282.50 & 1270.60.

Interim resistances are at 1302.50, 1316.50 & 1321 with minor resistances at 1305.90, 1316 & 1335.50.

The daily/weekly trend changer points are at 1265.30/1364.55.

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Gold Trends (02 November 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are now working its way higher and almost reaching the overbought region, probably a day or two later. 

So it would seem, the worry warts have finally made their call and hedging the risks of the US elections. 

Some players view that if Trump wins, then gold will react immediately, that is, move higher. 

If Clinton were to win, then, gold will also move higher, but at a later date, that is, after QE5 is heralded. 

This is not an easy election but come what may, it will probabaly benefit gold. 

The medium term trending indicators are recovering well above the parity line and still some way off the previous peak and correspondingly, could mean gold testing at least 1325 when the indicator peaks. 

The long term directional indicators are in its early days yet. This should keep gold ginger footed and tending nearer to recent highs for another 2 weeks. 

The momentum/volatility indicators moved up 2 notches from yesterday and this makes an interesting play if it continues building up. 

However, it is still not yet reached a volatile stage so movements might not be as speedy as we like it. 

The positive bias is also increasing nicely, pulling well away from turning negative.

Interim supports are at 1295.50, 1288.50 & 1280.50 with minor supports at 1298.30, 1282.50 & 1279.60.

Interim resistances are at 1317, 1332 & 1353 with minor resistances at 1307.50, 1316 & 1335.50.

The daily/weekly trend changer points are at 1259.50/1364.55.

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Gold Trends (01 November 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are right in the middle of performing a fillip and almost on the verge of confirming cutting up again but a pity it is already at a lofty perch.  

So even if it successfully cuts higher, it might not run too high unless there were cataclysmic events following that. 

Motives for the recent move are almost invisible and belie that perhaps, vested parties may have begun hedging the outcome of the US presidential election but there must be a winner and hopefully a lesser evil than the other. 

The medium term trending indicators finally have both prongs pushing above the parity line and the gradient is sufficiently steep and this might see gold trying for at least 1300. 

The long term directional indicators have finally and clearly confirmed for the higher and hopefully, there will be sustainability for the move. 

As it newly confirmed, could see gold remaining on the firmer side for at least 2 weeks if all goes well. 

The momentum/volatility indicators have bounced off the bottom and ascending now but still at very low levels. 

The positive bias seems to be growing just stronger at the moment and what will help, will be for the momentum to pick up and send it straight higher.

Interim supports are at 1282, 1277 & 1271 with minor supports at 1279.60, 1270.60 & 1267.20.

Interim resistances are at 1291, 1303.50 & 1311.30 with minor resistances at 1291.40, 1307.50 & 1316.

The daily/weekly trend changer points are at 1255.90/1364.55.

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Gold Trends (31 October 2016) - Updates of Mib Agenti

On Friday, gold made a last ditch attempt to push higher but didn’t manage to close at the highs. 

In normal circumstances in such scenario, gold ought to be softer for the next week or so. 

In the daily charts, the short term directional indicators are southerly facing but could be in the early stages of trying to level off, maybe in the hope of pushing off higher from here. 

Even if it were successful, the current levels now are already so near to the overbought zone, any attempts could see it hit the overbought region in one move and it could be over. 

The medium term trending indicators are looking very nice and steepened again, pushing a little higher and piercing the parity line from below. 

Usually the market will be dribbling when challenging the parity line before proceeding on original path. 

The long term directional indicators have somehow managed to make up for some lost gusto and tangled with the other indicators at the bottom. 

However, a confirmation of the new direction has yet to materialize but if it did and especially if there were follow through trading, then it is poised to be headed higher. 

The momentum/directional indicators are like a gentle summer breeze, not strong enough to stir up anything. 

However, as indicated in earlier sessions, something was moving in the undercurrents and that was translated in last Friday’s move. 

Just as well, the bearish bias has been eradicated and has now become positive but the question is, for how long?

Interim supports are at 1270, 1261 & 1250.50 with minor supports at 1270.60, 1267.20 & 1260.60.

Interim resistances are at 1276, 1284 & 1290.50 with minor resistances at 1277.30, 1280.40 & 1291.40.

The daily/weekly trend changer points are at 1353.45/1364.55.

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Gold Trends (28 October 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are now firmly turned down and the indicators could be weighing down on gold prices till at least the middle of next week. 

If these indicators take the lead, could mean gold could be testing to at least 1250 soon. 

The medium term trending indicators have stopped accelerating higher now and a turning is being engineered right now but a confirmation is at least 2 days away. 

The long term directional indicators have missed its chances to confirm a cut up from below as gold did not teeter itself nearer the recent highs nor push it.  

So the gap is widening now and gold could be in for more range bound trading in the following week. 

The momentum/volatility indicators are have lost all perspective and gone into just humming along for now and gold is unlikely to move out of its recent ranges, albeit still with a tinge of negative sensation.

Interim supports are at 1266.50, 1260.80 & 1249 with minor supports at 1260.60, 1254.80 & 1239.30.

Interim resistances are at 1273, 1282.30 & 1294.90 with minor resistances at 1277.30, 1280.40 & 1291.40.

The daily/weekly trend changer points are at 1250.80/1367.05.

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Gold Trends (27 October 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have turned lower now as gold didn’t manage to keep nearer to the higher end of the recent ranges and over a period of time, that weighed down on itself. 

The medium term trending indicators are tapering off just as it nears the parity line and does not look like the parity line will be challenged on this run. 

Failing which, could send gold back to 1250’s levels. 

The long term directional indicators are just on the verge of confirming a cutting up from below but with gold at its current levels, will be more difficult to see that happening now. 

This is termed near misses or signal failure. 

It has just one more day before it will likely be written off, so we just hope, it makes something of these nice looking indicators and break out of the current stifling ranges. 

The momentum/volatility indicators continue to dwindle lower but are getting less negative by the day. 

It could be some undercurrents in the market swaying it just beneath the surface so time will tell.

Interim supports are at 1265.50, 1256 & 1249.50 with minor supports at 1260.60, 1256.50 & 1239.30.

Interim resistances are at 1275, 1282.50 & 1295.50 with minor resistances at 1272.70, 1277.30 & 1280.40.

The daily/weekly trend changer points are at 1249.15/1367.05.

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Gold Trends (26 October 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are starting to weigh down upon itself as it struggles to push and hold above 1275. 

In fact, if it closes below 1270’s signals that maybe a top is in place for now and these indicators may initiate a turning down from here. 

The medium term trending indicators are so close to the parity line but looks like it is faltering and it might not get a chance to chafe it before dribbling back lower. 

If the turning is successful here, gold may a chance to push back to 1250 levels. 

The long term directional indicators are 2 days away from being confirmed with upside bias, that is, gold needs to push towards 1280 and close above that. 

Looking leaden here, gold might completely give this a miss but one can never rule out any geopolitical tensions/situations catalyzing it higher. 

The momentum/volatility indicators are still losing steam but negativity/positivity is remaining status quo for now and could be setting for an erratic and whippy move.

Interim supports are at 1267.50, 1261.50 & 1250.50 with minor supports at 1267.20, 1260.60 & 1256.50.

Interim resistances are at 1279, 1285.50 & 1295.50 with minor resistances at 1278.30, 1280.40 & 1291.40.

The daily/weekly trend changer points are at 1247.40/1367.05.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (25 October 2016) - Updates of Mib Agenti

My work week has been an extraordinarily long one stretching some 16 days and still ongoing before I can get a little break this coming weekend. 

However, I am glad to be home now and again able to monitor up close the hustings in the gold prices. 

In the daily charts, the short term directional indicators have pulled to near the overbought region with a dash of weariness as gold refuses to push pass the 1275 area. 

It is crucial for gold to push pass and hold this level to have these indicators to at least have a chance of pushing into the overbought zone. 

The medium term directional indicators are looking neat, clean and tidy with little jarring and are still some way off from the parity line and if the market favours more upside, this is easily attained and could see it through till the end of the week. 

Not pushing higher is not an option and that will spell a turning soon after. 

The long term directional indicators have settled down and content to remain in the middle as it watches the next moves eagerly. 

Perchance if gold pushes and holds above the 1285, there is a good chance these indicators will likely cut and open up the higher ranges again, perhaps to 1300. 

The momentum/volatility indicators have only been receding steadily since the recent lows were made and they are back to just humming rather than zooming around. 

However, the negative bias is maintaining but the gap has narrowed with a chance of crossing back over if it moves sufficiently.

Interim supports are at 1265, 1261 & 1250 with minor supports at 1267.20, 1260.60 & 1256.50.

Interim resistances are at 1274, 1285 & 1295.50 with minor resistances at 1277.30, 1280.40 & 1291.40.

The daily/weekly trend changer points are at 1245.50/1367.05.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (14 October 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are pushing nearer to the 40% mark but a tinge of weakness has started showing just at the tip as the gradient is waning just as gold is softer today. 

However, the trend is maintaining for now and with the likelihood of some major geopolitical tensions or news that will upset it. 

The medium term trending indicators are firming up nicely and looking like a text book example of a trend change and if gold decides to run with this, it has a long way to go up. 

The long term directional indicators run lower have almost finished its run as new lows are not being made. 

Very likely, the negative signal will be voided by the middle of next week. 

The momentum/volatility indicators are receding at an even pace so gold will be trading evenly and no explosive movement unless the unpredictable eventualities occur. 

The negative gap is also getting narrower but is still far from conversion yet as that is still many days away.

Interim supports are at 1248, 1246 & 1259.50 with minor supports at 1239.30, 1228 & 1219.40.

Interim resistances are at 1258.50, 1263.50 & 1268.50 with minor resistances at 1268.30, 1272.70 & 1280.40.

The daily/weekly trend changer points are at 1282.30/1372.25.

Note: Mib updated that he is travelling to attend the LBMA Conference so no updates for a week.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (13 October 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have climbed back up to around the 40% mark whereas gold did not register a similar move. 

With it looking a lot better than just 2 days back, hopefully as it tries to reach the overbought zone, gold is able to ride on it and reach at least 1285 levels. 

The medium term trending indicators are cutting up nicely now and if it is a good turning, gold has a lot of yardage to the parity line and should keep gold nippy leaning more on the upper side. 

The long term directional indicators is still overall in charge of the market right now but without new low seen this week, makes it difficult for these set of indicators to continue to rule and it will be passe as early as the middle of next week. 

After that happens, these indicators will stagnate for some time, usually a month after a major move before signals of the new trend is apparent. 

The momentum/volatility indicators are ebbing too slowly at the moment just as it is getting less negative. 

So the minute gravity finally kicks in, it will be pulled back earthwards and there could be a quick drop then. 

That could translate to gold having a “major” move at that time and may seem irrational to the untrained eye.

Interim supports are at 1251.50, 1247.50 & 1230 with minor supports at 1239.30, 1228 & 1218.40.

Interim resistances are at 1260, 1265 & 1272.50 with interim resistances at 1268.30, 1272.70 & 1280.40.

The daily/weekly trend changer points are at 1287.90/1372.25.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (12 October 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have partially pushed itself out of the oversold region now around the 25% level. 

If gold continues to hold above the 1250’s at least, then, we may see gold attempt to close back higher towards the 1275 by the week’s end. 

The medium term trending indicators are in the middle of doing a nicely formed somersault but remain unconfirmed at the moment. 

If it manages to cut and confirm in the next day or two, could potentially see it starting to keep away from the recent lows for the next 10 days. 

Whether gold finally runs higher depends on host of other indicators. 

The long term directional indicators are inclined downwards and may need another week to be negated. 

After that, gold will likely go into a stasis for at least a month. 

The momentum/volatility indicators are sadly not able to capitalize on the recent sell off to bring it to a boiling point. 

It is like an engine having 3 valves but with only 1 of them pumping vigorously with the other 2 just cruising by and likely to be a drag on the overall performance. 

The negative bias is also starting to become more positive as gold manages to hold above recent lows.

Interim supports are at 1249, 1246.50 & 1224.50 with minor supports at 1239.30, 1228 & 1219.40.

Interim resistances are at 1259.50, 1271 & 1281 with minor resistances at 1268.30, 1277.30 & 1280.40.

The daily/weekly trend changer points are at 1294.25/1372.25.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (11 October 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are pulling back higher but still have yet to exit the oversold region. 

If it somehow turns from here and back lower, gold is in for another round down. 

However due to the already low level of this indicator, it might not get too heated up and may not yield a good run lower and the previous low should underpin the market under normal market conditions. 

So it is a good idea to keep one’s eyes peeled for anything otherworldly happening and be quick to react. 

The medium term trending indicators have now developed a lovely looking hook up and it will really need a big price impact to dislodge that and straighten it out in order to continue lower and that vaguely looks very distant now. 

The long term directional indicators is about a week away from neutralizing the current weakness if no fresh attempts are made at the low end and gold stays above 1260 during this period. 

The momentum/volatility indicators picked up 0.5% since the day before and the other 2 lines are still trying to reach the overheated zone with the farther away one still 50% away from its current level. 

The negative bias has also not become more positive, but remaining at yesterday’s level.

Interim supports are at 1249, 1246.50 & 1224.50 with minor supports at 1239.30, 1228 & 1219.40.

Interim resistances are at 1259.50, 1272 & 1278.50 with minor resistances at 1268.30, 1272.70 & 1280.40.

The daily/weekly trend changer points are at 1305.10/1372.25.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (10 October 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are sparing no effort to pull up from below by sheer force during Friday’s closing. 

To that, it has some success in that, the kink has now become a nicely formed crook. 

If it manages to build on the early success, then it needs to quickly propel out of the oversold region and it will stand a good chance for testing higher, later in the week. 

The medium term trending indicators are also trying to get out of the tailspin and the tiniest of a kink, is barely noticeable until extreme magnification is applied, is starting to form. 

If recent lows are not tested in the next 2 days, then, a recovery of sorts will be in progress and that could see gold push back towards at least 1285 and maybe even 1300 if pent up demand and market chasers get in on the act. 

The long term directional indicators are freefalling and not in tandem with actual price movement and it will be at least a week before the bias can be negated and resynchronizes with the actual gold prices. 

The momentum/volatility indicators may have run its course for now until something reignites its passion and another dive will be in the making. 

These set of indicators have three legs but with only one leg warmed up and running well ahead of the other 2 legs, will only be a matter of time it stumbles and this is what looks likely to happen here. 

The bearish signal is retracting ever so slightly with the lessening negativity.

Interim supports are at 1253, 1248 & 1230 with minor supports at 1256.50, 1239.30 & 1228.

Interim resistances are at 1273.50, 1278 & 1286.50 with minor resistances at 1268.30, 1272.70 & 1278.30.

The daily/weekly trend changer points are at 1309.70/1372.25.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (07 October 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators showing a little rigidity today and having the slightest sign of a kink in the making. 

However, a kink does not confirm that the direction has changed. 

Just some retardation to the direction but if the friction is too great, then, there is a possibility of the direction change happening. 

So able to close above 1250 this day is crucial to have some chance of being nearer to a direction change and the further from 1250, the better the chances. 

The medium term trending indicators are really low and looking like it’s pushing on the cement floor. 

A huge force now is required to pummel it through and send gold further down with renewed vengeance. 

The long term directional indicators are coming off nicely and nothing to show for the wear yet. 

The angle of the drop being so steep, is like trying to rein up a horse with dental floss. 

So for technically wise, there is no issue for gold to continue pushing lower but of course, all other indicators have to be taken into context.  

The momentum/volatility indicators at first instance, continue to looks frantic. 

Sadly, another two of its arms are still not yet in the hot zone and this could work against the gold from going into a run-away dive.  

The bearish signal is starting to narrow a little and could be a prelude that maybe, the lows might be seen for now.

Interim supports are at 1247, 1235 & 1204.50 with minor supports at 1239.30, 1228 & 1219.40.

Interim resistances are at 1260, 1271 & 1282.50 with minor resistances at 1268.30, 1272.70 & 1280.40.

The daily/weekly trend changer points are at 1319.05/1374.90.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (06 October 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are already at very low levels and some sense of the earlier mentioned “hiccupping” is seen as it laboriously works its way lower and could well continue for a little longer. 

Having said that, there is the smallest indication that of what might be a turning in the making, or an attempt of trying to turn back up right now but ground must not be lost below 1250. 

The medium term trending indicators have now pushed past the third most recent trough by a tad and usually this means we could be going for a bigger run and in a trending market.  

So hopefully the market does not stabilize soon and continue to make new lows daily because once new lows are not made, it will start looking overdone and in danger of whipping back higher, and very quickly too. 

The long term directional indicators are moving along very nicely and gold could be in a longer phase of weakness. 

It will take at least 4 weeks to nullify the effects of the recent move in normal market conditions. 

However, if gold somehow pulls back above 1320, then it’s nullified. 

The momentum/volatility indicators are getting hotter with slight signs the move decaying as only one of the tentacles is in the hot zone while the other two are only on the verge of going into the hot zone. 

For some reason, they don’t seem to be turned on easily. In a sense, that is holding back gold’s potential for quickly seeking more success thrashing the supports along the way.

Interim supports are at 1249.50, 1240 & 1205.50 with minor supports at 1239.30, 1228 & 1219.40.

Interim resistances are at 1277.50, 1282.50 & 1292.50 with minor resistances at 1268.30, 1272.70 & 1277.30.

The daily/weekly trend changer points are at 1326.80/1374.90.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (05 October 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are very near to the bottom now and pushing any lower will be a struggle. 

Think of it like fishing, you need to pull and relax, pull and relax before finally being able to reel it in, definitely not straight forward. 

However, if gold holds recent lows for at least 2 days, there is a small chance of a retracement in the offing. 

The medium term trending indicators are now challenging the third most recent lowest trough (seems the second most recent trough were totally thrashed yesterday). 

Gold has about another 2 to 3 days’ worth of time left to mirror that and failure to push below that might see some congestion and a correction later on. 

Whether we succeed doing so will largely be clear by next Wednesday. 

The long term directional indicators have confirmed crossing over to being bearish but gold prices have already come off so much. It might be a case of it’s over before you even started, but let’s hope it is not. 

The momentum/volatility indicators have finally pumped up to a level it can be exciting if it wishes to do so. 

So let’s hope it really gets very interesting from hereon and the bearish signal is getting deeper.

Interim supports are at 1265, 1257 & 1250.50 with interim supports at 1267.20, 1260.60 & 1254.80.

Interim resistances are at 1276, 1282 & 1301.50 with interim resistances at 1272.70, 1277.30 & 1280.40.

The daily/weekly trend changer points are at 1332.45/1374.90.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (04 October 2016) - Updates of Mib Agenti

The market has moved by too much and the screenshots taken from Reuters charts sent to me were from hours ago so I am unable to give a good reading out of that now. 

I shall attempt the same but with free charts. 

Being free, it will just not be so comprehensive. 

In the daily charts, the short term directional indicators are almost touching the bottom of the ocean with this nice deep run lower. 

If it’s a prolonged move, the market may get little hiccups along the way and yet continue testing new lows and bottom pickers can get their fingers burnt. 

The medium term trending indicators will likely have pushed nearer the second most recent trough with gold at this level and if no further selling comes into the market, it will be tough to push past it and may see a mini recovery into the closing. 

The long term directional indicators (charts before market crashed – no equivalent in the free charts) looks just on the lip of tipping over and being confirmed. 

Now that it has crashed, the confirmation is a done deal, provided it doesn’t pull back above 1300 at the closing. 

The momentum/volatility indicators are barely up a couple of notches and possibly the melt down is from disappointed longs cashing out as it just seem to climb too much, and after almost 6 months above 1300, is a sign of frustration. 

The bearish signal generated keeps growing stronger but the momentum is still benign.

Interim supports are at 1283, 1265.50 & 1258.50 with minor supports at 1282.50, 1278 & 1270.60.

Interim resistances are at 1302, 1318 & 1320.50 with minor resistances at 1294, 1298.30 & 1303.60.

The daily/weekly trend changer points are at 1336.65/1375.15 (The weekly point was previously at 1303 and successfully taken out).

p.s. quite notably market moved significantly as China is having its golden week.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (03 October 2016) - Updates of Mib Agenti

An urgent matter/trip that could not be delayed had me away for the past week. 

It is nice to see that the market has remained near the lower end of the recent range and hopefully we can make something out of it. 

In the daily charts, the short term directional indicators were very near to protruding into the oversold region earlier in the day and with the gold prices where they are now, it would have likely poked below already. 

It does need the closing to be below 1313 in order to confirm that possibly there could be a play on the recent lows is in the making. 

There is just one problem with this, and that is like trying to race to ground floor from the first floor. 

Before you can say “go”, the race has already ended. 

The medium term trending indicators had earlier matched it’s prior high and not being able to pull above it, had turned back lower and pierced the parity line. 

On this run lower, possibly it might just match the previous low and gold may test only up to 1302-1303 levels. 

The long term directional indicators are at least 2 days away from confirming cutting for the lower but with all the other indicators at already such low levels, the length of the slide could be limited even if it confirmed. 

The momentum/volatility indicators are scarily low despite the depressed markets but with a bearish outlook. It needs to be cranked up at least 3 to 4 notches and the market will really get going.

Interim supports are at 1310, 1305.50 & 1288 with minor supports at 1303.60, 1301 & 1298.30.

Interim resistances are at 1322.50, 1325.50 & 1328 with minor resistances at 1316, 1335.50 & 1338.

The daily/weekly trend changer points are at 1337.95/1303.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (23 September 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are now near to the 70% mark now and have about 2 days of pushing higher, that is, 

If it wishes to do so, before reaching the overbought region.  

However gold price action is not in line with the indicators so tardiness in that might start weighing down and thereby, curtail gold from receiving its potential. 

The medium term trending indicators are moving well as expected. 

They have move well above the parity line and for now, looks set for further highs but, it is nearing the previous peak and with the current price action, surpassing that, will be an arduous task and in all likelihood, maybe it will not be able to do that. 

The long term directional indicators are making a dash to the lower end now and if it is successful to protrude from below, underpin the market thereafter and it is at least 3 days away from any confirmation generated. 

Gold must continue to climb and close higher daily in order to do that. The momentum/volatility indicators have pushed up a couple of notches but still not yet in the “push” zone. 

Momentum has to be double that of current levels before we can see gold at least attempt to break out of recent ranges. 

The negative bias receded in line with the price action in gold.

Interim supports are at 1331, 1326 & 1322 with minor supports at 1335.30, 1327.80 & 1315.50.

Interim resistances are at 1343, 1348 & 1353.50 with minor resistances at 1352, 1380.80 & 1386.25.

The daily/weekly trend changer points are at 1343.65/1293.50.

Get Gold Trading Chat (Android), excerpts from there