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

Well another week has almost come to past with a good range logged. 

In the daily charts, the short term directional indicators are bearing signs of weakness and around the 60% mark. 

It may need for gold to test and close below 1215 before the earlier direction is overridden.  

The height where it is now, will permit gold to have a chance to revisit 1190 next week. 

The medium term trending indicator gentle curving up has pulled lower and resuming its earlier bias. 

The long term directional indicators have now crossed over into the consolidation zone and new developments will reshape the new direction and at the earliest, in 2 weeks's time will become clearer. 

The momentum/volatility indicators are at the 40% mark and holding so it's supportive of bigger moves/ranges if it so desired.

Interim supports are at 1222.50, 1219 & 1200 with minor supports at 1218.40, 1208.80 & 1204.70.

Interim resistances are at 1229.50, 1247.50 & 1257.50 with minor resistances at 1238, 1242 & 1251.70.

The daily/weekly trend changer points are at 1192.85/1076.80.

Note. There is a cloud of support around the 1190 and if following strictly to the application of this technical, it will be vulnerable in May when it's at it's thinnest point. 

p.s. Mib will be away for a week and maybe back only on the 11th. 

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

The daily trend changer point was compromised in yesterday's brief rally above 1250. 

However, due to a lack of sustaining power, it promptly eased off the highs and makes a nicer drawing of the divergence then if it had not gone above 1250. 

In the daily charts, the short term directional indicators are just around the 65% mark and wavering as the gradient is decaying and showing some signs of turning down but the gap between the 2 indicators is still wide. 

The medium term trending indicators are showing slight support for gold as a crook has appeared and may try to turn up from here. 

The longer term directional indicators are still meshed together and unable to make a clean break until it moves sufficiently from current levels like 1260 or 1200. 

The momentum/volatility indicators are at a tipping point. 

That is, the heat is easily turned up if so required, we just need fresh catalysts.

Interim supports are at 1230.50, 1223 & 1220 with minor supports at 1224.10, 1218.40 & 1208.80.

Interim resistances are at 1245.50, 1257.50 & 1282.50 with minor resistances at 1242, 1251.70 & 1268.30.

The daily/weekly trend changer points are at 1191.65/1076.80.

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

In the daily charts the short term trending indicators have by now been commandeered successfully but a pity it started from the middle ground and reaching the 60% mark now. 

In all likelihood, it will be touching the over bought zone by the week's end and if it didn't paddle any higher (minimum required is at least, breaking and closing above the recent highs), is setting itself up for some retracements by next week. 

The medium term trending indicators has barely wriggled but at least the steepness is flattening out a little and but still pointing lower. 

Only surpassing the recent high then there is some chance of turning it around. 

The long term directional indicators are meshed together and trying to separate and re-enact it's earlier direction with this uptick seen today with possibly some equity sell off and downgrade news. 

The momentum/volatility indicators only saw the faintest of renewed strength and could be fresh volatility coming back into the market but the news must keep coming to spur it higher. 

The fear is, once it dries up, so will the volumes.

Interim supports are at 1244.50, 1219.50 & 1217.50 with minor supports at 1239.30, 1228 & 1218.40.

Interim resistances are at 1250.80, 1256.50 & 1277.50 with minor resistances at 1251.70, 1268.30 & 1272.70.

The daily/weekly trend changer points are at 1252.60/1076.80.

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

Gold is trapped at the moment as the signals continue to confound and contradict each other at every turn. 

It needs to re-synchronise before a clearer direction becomes evident. 

In the daily charts, the short term directional indicators which was open-jawed yesterday has managed to cut back higher, albeit at the 50% mark leaving it with less manoeuvrable room should it trade higher. 

The medium term trending indicator continues its passage lower with no signs of recovering too high due to the steep decline and if 1260 is not surpassed soon, it will start looking more divergent each time it creeps higher in purposeless forays. 

Whereas in the longer term directional indicators have been preempted and a period of consolidation might ensue as it takes time to readjust and then a new trend will be able emerge thereafter. 

The momentum/volatility are leaking out as quickly as it seeped in and currently around the 30% level which should yield some nice ranges but not enough to cause it to run too far off. 

Interim supports are at 1221, 1213 & 1194.50 with minor supports at 1218.40, 1208.80 & 1200.10.

Interim resistances are at 1235.50, 1251 & 1274.50 with minor resistances at 1238, 1242 & 1251.70. 

The daily/weekly trend changer points are at 1253.85/1076.80.

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

In the daily charts, the short term directional indicators which were trying to cut back up and higher has lost some steam with the lower prices. 

All is still not yet lost as it managed to steady itself around the 50% mark and gently bearing higher but, not yet crossed up. 

The medium term directional indicators, the second attempt has failed and the danger of a divergence developing is a very real prospect. 

The long term directional indicators are now in contact but still unable to cross over and confirm the end of the bullish bias. 

The momentum/volatility indicators continue decelerating but not yet into a stasis situation yet, fingers crossed, just around the 35% mark.

Interim supports are at 1119.50, 1193.60 & 1185 with minor supports at 1200.10, 1178.60 & 1168.70.

Interim resistances are at 1213.60, 1218.50 & 1222.50 with minor resistances at 1218.50, 1232 & 1240.70.

The daily/weekly trend changer points are at 1255.10/1076.80.

Note. The way market is developing, possibly a closing below psychological 1200, will excite new short taking.

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

Gold pulled back higher in the previous session a tad too early. 

That is, the daily short term directional indicators didn't get to enjoy the entire length of the correction before pushing back higher. 

It would be easier to push it along starting from a lower base vis-a-vis, more room to climb rather then from somewhere nearer the middle. 

In the daily charts, the short term directional indicators have recoiled back to almost the 50% mark and just the gentlest of a crook forming and no where near to cutting back to the higher side yet. 

In the medium term trending indicators, a small knot looks like its developing but the steepness of the indicator, makes it tough to push against the flow for now, and unlikely to push past recent highs anytime soon. 

The long term direction indicators is doing a Hamlet right now, to be or not to be? 

Barely keeping the direction alive by the thinnest of margins. 

The momentum/volatility indicators have gone up a little, slightly above the 40% mark so makes it easy to rev it up if suits.

Interim supports are at 1223, 1216 & 1212 with minor supports at 1224.10, 1218.40 & 1212.60.

Interim resistances are at 1235, 1240 & 1254 with minor resistances at 1238, 1240.70 & 1252.

The daily/weekly trend changer points are at 1256.50/1065.05.

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

In the daily charts, the short term directional indicators are dribbling lower now and reached the 35% mark now. 

In case you missed it, prices hadn't come off but the former has dribbled lower. 

By tomorrow, if it goes anywhere near to the oversold zone but prices are not relative to that, then next week will see it rebound back higher and if luck be with it, pull gold higher as well and some well deserved recovery. 

The medium term trending indicators are under tremendous pressure as it was abruptly jerked off course at the highs. 

The pressure will continue for at least a week or two and the parity line maybe threatened then. 
The long term directional indicators are almost at game point, just need another 2 points to negate the bullish overtures. 

Usually the last bit is a challenge before it goes or doesn't go over the edge. So some deliberation time maybe on the cards. 

The momentum/volatility indicators are looking spent but not yet faded into nothingness and still at a level where it is easily rekindled.

Interim supports are at 1202.50, 1198 & 1193 with minor supports at 1204.70,1200.10 & 1178.60.

Interim resistances are at 1212, 1216 & 1223.50 with minor resistances at  1218.50, 1231.40 & 1240.70.

The daily/weekly trend changer points are at 1257.85/1065.05.

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

In the daily charts, the short term directional indicators have come off nicely and dallying around the 50% mark. 

It is pondering whether to go for it or try to hold 1200 till at least the end of the week. 

Which by then, the indicator would have come off to a low enough level to engineer a recovery back higher. 

It is common sense that it is easier to swim with the current than against it. 

The medium term trending indicator on the other hand is coming off from a great height and has only retraced a third from the highs towards the parity line. 

This could severely limit attempts higher and pressure applied for at least 2 weeks. 

The long term directional indicators earlier signal has not been negated yet. 

It would need gold to be driven to at least 1190 levels and close there in order to confirm it. 

The momentum/volatility indicators are trying to stablise around the 37% mark and if it succeeds in doing that, the volatility might pick up and gold's vigour is renewed. 

If that happens, sometimes the movement could be countertrend and we be ascending yet again. 

That all hinges on the next batch of news that comes up, that is, good news or bad news.

Interim supports are at 1200, 1192.50 & 1188.50 with minor supports at 1200.10, 1178.60 & 1168.70. 

Interim resistances are at 1214, 1221 & 1239 with minor resistances at 1218.50, 1231.40 & 1240.70.

The daily/weekly trend changer points are at 1259.20/1065.05. 


N.b. The psychological support at 1200 remains unbroken as it's only deemed broken at the closing and only seen false breaks thus far.

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Gold Trends (16 February 2016) - Updates of Mib Agenti

Good to be seeing that gold has been having a bigger range recently. 

It certainly makes for more interesting trading. 

In the daily charts, the short term directional indicators are bearing southwards and around the 60% level. 

The medium term trending indicators have just cut for lower and could be signalling that the high is likely seen. 

Here on, due to it coming off from a height and at a steep angle, is putting a fair bit of pressure. 

In order to break the signal, would require massive efforts and gold reaching at least 1300 level. 

The long term directional indicators have quickly narrowed the gap and also totally re-synced relative to the current price. 

A closing below 1180 will negate the signal and it will take at the quickest, at least 2 weeks before the next trend emerges. 

The momentum/volatility indicators are quickly loosing heat and coming into the luke warm zone soon. 

Probably in 2 days time we might see it settling down and keeping to narrower ranges again.

So what's needed are new impetus that can excite the market again, and really soon.

Interim supports are at 1202, 1194.50 & 1190 with minor supports at 1200.10, 1178.60 & 1168.70.

Interim resistances are at 1216.50, 1220 & 1224 with 1218.50, 1231..40 & 1238.

The daily/weekly trend changer point are at 1260.60/1065.05.

Nb. The daily point was triggered in Asia time and this might help depress prices for now.



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Gold Trends (15 February 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators has crossed over and cutting back below the overbought zone with lots of room to explore at the lower end. 

The medium term trending indicators has finally shown signs of weakness and almost at the cusp of crossing over and indicating that in the interim, the highs might have been made and seen with more tendency of testing supports on the way down now. 

That is, if we have a closing below 1215 for today's session. 

The long term directional indicators are stiffly maintaining its steep gradient at the moment and it might take a week or more, plus the effect of lower prices before it can be negated. 

The moment/volatility indicators quickly decelerating and maintaining just around the 50% mark.

Interim supports are at 1199.50, 1193.50 & 1190.50 with minor supports at 1204.70, 1200.10 & 1178.60.


Interim resistances are at 1214.50, 1221.50 & 1228 with minor resistances at 1218.50, 1231.40 & 1238.

The daily/weekly trend changer points are at 1195.80/1065.05. 

The daily point has crept up quickly and is a target to be contemplated to be triggered off and change the outlook in the short term.


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

Just a quick update for today due to the lateness of the day. 

In the daily charts, the short term directional indicators are wavering due to the giant move yesterday as it briefly grazed 1260 before collapsing as quickly and closing about 1.3% off the highs. 

The indicators have actually cut and may exert undue pressure and a natural resistance for new moves higher, unless a new trigger is found. 

That is, in the interim, a retracement is likely in the offing. 

The medium term trending indicators had been running up so much that it is out of sync to the current levels as it's still northwards pointing and not slowing down despite the lacklustre closing of yesterday. 

The long term directional indicators are similarly out of sync. 

However, it requires gold to crash to 1180 today and the signal will be snuffed out and the chance of that happening is too remote. 

So, gold will likely to be dallying for some more time, struggling to keep nearer to the higher end of the recent ranges and after sufficient time has passed with no new triggers, it should weigh upon itself and drift back lower to at least 1200 initially. 

Optimum time frame for that to happen will be at least 2 weeks time. 

The momentum/volatility indicators might have met its match and if we close too far away from recent highs, the momentum will be lost quickly and gold will lose its footing equally quickly as well. 

It is crucial for gold to close above 1250 for the week to at least keep it looking "fresher" for a longer period.

Interim supports are at 1230.50, 1222.50 & 1197 with minor supports at 1228, 1218.40 & 1212.60.

Interim resistances are at 1258, 1260 & 1266 with minor resistances at 1240.70, 1251.70 & 1268.30.

The daily/weekly trend changer points are at 1180.90/1052.55.

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

My business trip was extended and kept me away from my reuters charts for almost 3 weeks. 

However, during the time that I was away, gold performed very well indeed with an impressive run of almost $140. 

In the daily charts, the short term directional indicators are in the overbought zone and in danger of criss-crossing back lower if the upward momentum is not maintained. 

As it is, it is scraping the ceiling right now. 

The medium term trending indicators looks to be slightly overdone as it is over and above the previous peak by a wide margin. 

The long term directional indicators are holding its own nicely and even if market were unable to test higher, it should hold it above 1200 for a prolonged period. 

The momentum/volatility indicators found its second wind and poked much higher today but the real danger of deflating just as quickly if the rally was running on air. 

In the weekly charts the short term directional indicators have only just pushed into the overbought zone and if there is still demand, might push higher for at least a week more. 

The medium term trending indicator is almost at a level when gold was testing 1300 last year so maybe running out of steam soon. 

The long term directional indicators had only recently confirmed cutting up so maybe in the longer term we might see gold trying higher but it is in need of a retracement to avoid being over heated and that will require a long time for the indicators to re-sychronise before a new direction is found. 

Just remember how long it took for gold, after it's drop to the lows, to finally re-find a new direction, which took about 1 year. 

The momentum/volatility indicators are close to the 50% mark and the next news could either push it higher or, bring some temporary relief.

Interim supports are at 1235, 1224.50 & 1216 with minor supports at 1228, 1218.40 & 1212.60.

Interim resistances are at 1243.20, 1245 & 1248 with minor resistances at 1242, 1251.70 & 1268.30.


The daily/weekly trend changer points are at 1165/1052.55.

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