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

In the daily charts, the short term directional indicators looks like the up move is struggling at the moment and the angle of the ascent looks to be wavering and only reached to the 60% mark. 

The medium term trending indicator is not much better off and in the process of being compromised and the closing will largely determine if it were so. 

A closing in the low 1090's will have confirmed it but a closing above 1100 may yet avert it. 

If it's confirmed, then a divergence is in place and that could spell gold drifting lower for the week or so. 

The long term directional indicators are almost kissing each other and so, the closing might dictate the tempo for next week's trading. 

The momentum/volatility indicators are as unexciting as watching your washing machine. 

It is just not going anywhere, just going round in circles. So gold may yet extend the monotony with range bound activity.

Interim supports are at 1093.50, 1088 & 1079 with minor supports at 1070.40, 1030.80 & 1023.80. 

Interim resistances are at 1105.50, 1109.50 & 1119 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1082.60/1112.00. 

Nb: Gold is trapped by the daily/weekly points so we just have to wait till something gives as market decided to do it the cheap way.

p.s. Mib Agenti will away next week.

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

We have to tell the market to stop messing around with us, one minute it's pushing lower and the next minute it's pushing higher, fun isn't it? 

In the daily charts, the short term directional indicators has continued pushing higher but looks like it's touch the overbought zone. 

The medium term trending indicators have nicely cut across now but unsure if more mileage can be made out of it. 

The long term directional indicators are so close to being confirmed for a fresh move up and needs gold to at least maintain at 1105 or higher before it can do so. 

Failing, could send it dribbling back lower  sooner than what we like. 

The momentum/volatility indicators remain status quo, at too low a level to brew anything yet. 

Volatility needs to be turned up by 3 notches before it starts to get interesting. 

With that in mind, maybe it is not a good idea to chase on breaks.

Interim supports are at 1092, 1088 & 1079 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1104, 1110 & 1113 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1080.05/1112.00

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Gold Trends (20 January 2016) - Updates of Mib Agenti

Gold has recaptured the 1100's during London's session. 

Having said that, the move will pay dividends only if it manages to close above 1100's at the day's closing or convincingly push through the weekly trend changer point at 1112, which will set it up for more tests on the higher side. 

In the daily charts, the short term directional indicators have now turned back higher and hopefully, something more is derived and not turn out to be another red herring. 

The medium term trending indicators are still in the process of leveling off and trying to turn back up for the higher, so it means, the new trend is still in the works and unconfirmed yet. 

The long term directional indicators are still looking for new motivation. 

As to the next direction, it will be a week in the making before anything becomes apparent. 

The momentum/volatility indicators are still at in the cold zone and will be difficult to jump start it to hot levels any time soon. 

So expectations of protracted movement in either direction is slim unless there were timely and coincidental news/tensions at that time.

Interim supports are at 1090.50, 1087 & 1078.50 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1104, 1108 & 1111.50 with minor resistances at 1123.20, 1132 & 1142.20.

The daily trend changer point is at 1077.30.

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Gold Trends (19 January 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are struggling to pull itself out of the miasma that's keeping it tightly range bound. 

Whether or not it manages to pull itself is still a question mark. 

The medium term trending indicators are still leveling off and on the verge of moving back to the higher territory. 

It is fortunate that we are not challenging the parity line or else, it could be another area of entanglement. 

The long term directional indicators may take another week before. any new inkling to the next signal (bear or bull) can be generated.

The momentum/volatility indicators are at such low levels that even if the market looked good at some points, follow through will be lacking and promptly fall back in place if basing on these technical indicators alone. 

However if there were some catastrophic news, that could be a game changer.

Interim supports are at 1078.50, 1075 & 1055 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1088.50, 1092.50 & 1110.50 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1074.30/1112.

Nb. The daily point is so near and the easier of the 2 to be triggered and so attracts gold lower.

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

The "hazards" of having a large region to look after means, being out of office a lot of the time and hence, the infrequent updates recently. 

In the daily charts, the short term directional indicators had previously skimmed the over bought zone but didn't make headway into the region and came off just as abruptly. 

It has retraced back to the 40% level and with the gold holding above 1090's, might induce a turning back higher, especially if we push back above the 1100's. 

The medium term trending indicator had also turned sharply lower but is now holding it's own and also showing the same signs as the former. 

The long term directional indicators earlier bias has now been negated and maybe a week or two before any new direction becomes visible. 

The momentum/volatility indicator has almost dropped to zero with faint bleeps every now to remind us that it has not died.

Interim supports are at 1086, 1078 & 1073.50 with minor supports at 1070.40, 1030.80 & 1023.80. 

Interim resistances are at 1093, 1107 & 1118 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer point are at 1071/1112.

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

In the dailies, the short term directional indicators has poked into the overbought region but with the market not sticking nearer to the highs poses some risk that the current run might be over. 

To overcome that, it must push higher these few days to sustain the rally and thereby, develop what runners call a second wind. 

The medium trending indicators has room to push higher till the end of the week and will start looking toppish if we stray too far from the recent highs. 

The long term trending indicators has freshly turned up positively but may be weighed down by the other indicators. 

The momentum/volatility indicators was recently in the hot zone but a lack of fresh highs is making it decelerating, like a flash in the pan. 

All is not lost if fresh highs are made within this week. In the weekly charts, the short term directional indicators are nicely pointed northwards but looks like it's faltering. 

The medium term trending indicators are still looking good and some distance yet from the parity line. 

The long term directional indicators negative bias were negated and will be some time more before fresh signals may develop.
Interim supports are at 1091, 1082.50 & 1078.50 with minor supports at 1070.40, 1030.80 & 1023.80. 

Interim resistances are at 1111, 1114 & 1121.50 with minor resistances at 1123.20, 1132 & 1142.20.
The daily/weekly trend changer point is at 1058.70/1112. 

Nb: This is the umpteenth time that we are close to triggering the weekly trend changer point and failed largely as the rally were all news driven.

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

Gold was repelled northwards as the Chinese equity tanked at the start of their trading session to pierce the long forgotten 1100's but pulled back in the London session. 

In the daily charts, the short term directional indicators are still poised nicely up and reached the 65% mark and maybe have 2 to 3 sessions more before hitting the overbought zone. 

The medium term trending indicator has lifted nicely off the parity line and if it so decides to push higher, will be able to do so with ease. 

Finally the long term directional indicator has just crossed over with a slight upward bias and hopefully it is able to make something out of it and not be a false start and result in signal failure. 

In the weekly charts, the short term directional indicators continues now on an upward path and still near to the 60% mark with more room to explore. 

The medium term trending indicator is generating a strong signal and freshly coming out of a tailspin and could spell a good and slightly prolonged move higher, that is, if that is the way the market wants to push it. 

The longer term directional indicators has finally cancelled the soft signal it was earlier generating and it will be a long while more before a new direction is founded. 

The momentum/volatility indicators in both the daily is showing more promise of having sufficient oomph to really have a good shot at turning the current move into a run.

Interim supports are at 1082.50, 1075.50 & 1052 with minor supports at 1070.40, 1030.80 & 1023.80. 

Interim resistances are at 1099, 1112 & 1118.50 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1050.50/1117.30.

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

In the daily charts, the short term directional indicators have just surpassed the 50% mark and if it wishes to push higher, it can do so till the middle of next week at the least before it hits the overbought zone. 

In the medium term trending indicators has firmly lifted off the parity line and hopefully it is able to make good and have a good run, which is long overdue. 

The long term directional indicators is on the verge of giving confirmation that it might remain firmer for the longer duration and reached the 60% level now. 

The medium term trending indicators have cut up nicely and if the market was driven by just this one indicator, then we could be looking at 1250 before it starts looking toppish but that's a big assumption. 

The long term directional indicators with the negative bias, is so close to have it negated. 

If that happened, would firmly seal the recent low for a considerable period of time, maybe as long as 6 months.

Interim supports are at 1085.50, 1080 & 1074 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1093.50, 1109.50 & 1117.50 with minor resistances at 1123.20, 1132 & 1142.20.

The momentum/volatility in the daily/weekly are both still at low levels but with gold moving up nicely, hopefully it turns up the heat a little so that the market gets fired up.

The daily/weekly trend changer points are at 1048.65/1117.30.

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

The daily trend changer point was triggered when gold poked above 1080 yesterday and the point is now at 1048. 

Usually after triggering the trend changing point, the market tends to run in the earlier direction or remain in the same bias for at least 7 to 10 sessions. 

However, of late, this has not been the case as it has never really 'run" and it all boils down to the momentum/volatility indicators which suggest range bound activity for a considerable time longer. 

In the daily charts, the short term directional indicators have nicely turned back up now. 

The medium term trending indicators have protruded above the parity line into positive territory. 

The long term directional indicators is still meandering and trying to find its resolve before any good indication of the next bias is shown. 

In the weekly charts, the short term directional indicators have almost but all straightened out. 

It is now showing the faintest hint of a crook and needs gold to push and close above 1080 in order to be totally straight and give it a more positive bias. 

The medium term trending indicator has intersected indicating that the lows may have been in place now. 

That may cause gold to be firmer in the weeks ahead. 

The long term directional indicators have almost met and its bearish stance maybe negated if gold pushes and closes above 1090 at the end of the week.

Interim supports are at 1073.50, 1069 & 1055.50 with minor supports at 1070.40, 1030.80 & 1023.80. 

Interim resistances are at 1079, 1083 & 1092 with minor resistances at 1084.80, 1123.20 and 1132.

The weekly trend changer point is at 1117.30.

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

Gold profited from the slew of troubles brewing in the middle east and a few other issues to pull back higher.

The question lies in whether that will be sufficient impetus to change the outlook of the yellow metal, especially in the weekly charts.

In the dailies, the short term directional indicators grazed the oversold region and subverted immediately and with gold where it is, has turned up from the oversold region.

The medium term trending indicators looks like a forced turning in the making just testing the parity line.

In the long term directional indicators, it just barely missed being confirmed having continued softness and saved at the eleventh hour.

The momentum/volatility indicators is showing more range bound activity ahead.

In the weeklies, the short term directional indicators which was earlier freshly turned lower, had a retraction with today's move and attempts higher and closing above 1090's will set it up for testing higher later on.

The medium term trending indicators have muddled along and righted itself.

The long term directional indicators still have a long way off to being negating the softer outlook.

It may require gold to be at least 1130 before doing that.

Interim supports are at 1072.50, 1066.50 & 1056.50 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1079.50, 1091 & 1106.50 with minor resistances at 1084.80, 1123.20 & 1132.

The daily/weekly trend changer points are at 1079.80/1117.30.

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