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

In the daily charts, the short term directional indicators have just touched the 50% mark. 

However, with the NFP just a day away, plus lots of yellin' from Yellen, is keeping the market behaving irrationally and gold will be easily swayed by the next direction of the news. 

So do expect even more unexplainable moves leading up to the NFP. 

The medium term trending indicators are arched upwards just below the parity line and it will be good enough to propel it northwards to at least 1300 if it so desired. 

The long term directional indicators' signals were only recently cancelled and will be at least a good week and a half before the new trend comes into being. 

The momentum/volatility indicators drooped a little as it didn't move too far or aggressively from the recent range.

Interim supports are at 1229.50, 1220 & 1205.50 with minor supports at 1228, 1218.40 & 1208.80.

Interim resistances are at 1245, 1253 & 1257.50 with minor resistances at 1238, 1251.70 & 1268.30,

The daily/weekly trend changer points are at 1253.55/1151.75,

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Gold Trends (30 March 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators has righted and pulled itself up and touching the 40% mark now. 

If all goes well, it will provide temporary relief from the recent sell off and pull back toward 1257.50 and trigger off the daily trend changer point located there for today. 

The medium term trending indicators has also managed to cut up with a slight upward bias and if luck has it, we will be testing the parity line from below and if it succeeds, then at least 1300 maybe attempted in the medium term. 

The long term directional indicators which earlier were southwards bearing, have now cancelled the signal with the move last night and so, might take some time before a new trend emerge or a continuation will follow on if it goes back below sub 1220's. 

The momentum/volatility indicators are holding current levels nicely with the decay abated and would make for an easy recovery and easy to pick up where it left off earlier on.

Initial supports are at 1233, 1230.50 & 1220.50 with minor supports at 1228, 1218.40 & 1208.80.

Initial resistances are at 1256, 1261 & 1279.50 with minor resistances at 1251.70, 1268.30 & 1272.70.

The weekly trend changer point is at 1151.75.

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Gold Trends (29 March 2016) - Updates of Mib Agenti

An urgent trip kept me away from the market and my charts but I am back now and will scoot off when the next urgent trip arises. 

In the daily charts, the short term directional indicators have just touched the oversold zone. 

Looking at the way it is managing to keep clear of 1200 level, could underpin prices in the interim and permit it to recover to such a height that permits it to break the 1200 level with ease later on, that is, if it recovers sufficiently. 

Otherwise, being in the oversold zone, further downside forays will be doubly tougher than usual. 

The medium term trending indicator has clearly and conclusively broken below the parity line. 

However, it did not take full advantage of it and if gold recovers sufficiently, might cause a turning in this indicator and retest back the parity line. 

The long term trending indicators have crossed over 2 days back and gold is under pressure to test lower but didn't even get near to the 1200. 

As such, the earlier force is spent and might need some time to resynchronise and hopefully at that time, the indicator is still in favour of seeking fresh lows. 

The momentum/volatility indicators are decaying gradually and would need fresh news or new positions coming into the market in order to revitalise it.

Interim supports are at 1216.50, 1211.50 & 1199.50 with minor supports at 1218.40, 1208.80 & 1200.10.

Interim resistances are at 1228.50, 1233 & 1247.50 with minor resistances at 1231.40, 1238 & 1251.70.

The daily/weekly trend changer points are at 1261.80/1151.75.


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

In the daily charts, the short term directional indicators have now crooked and pointed lower around the 45% mark. 

The medium term trending indicators is starting to get interesting as it is almost breaching the parity line and hinges on where it closes for the day. 

After the breach is confirmed, we only need to worry how low it descend to. 

The long term directional is moving a notch quicker than earlier thought. At the rate it’s going, the new direction might be apparent as early as the middle of next week. 

The momentum/volatility indicators are still spiraling and no sign of it reigniting and a fresh resurgence at the moment.  

In the weekly chart, the medium term trending indicator looks nicely formed and the peak in place.  

The height it has built up sets up nicely for a long way down later, albeit, sufficient momentum/volatility on the back of it.

Interim supports are at 1218.50, 1212 & 1210 and minor supports at 1215, 1208.80 & 1200.10.

Interim resistances are at 1223.50, 1229 & 1235.50 and minor resistances at 1221.70, 1231.40 & 1238.

The daily/weekly trend changer points are at 1276/1137.20.

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

In the daily charts, the short term directional indicators have pushed upwards and past the 50% mark again and this could well be the dying throes as the possibility of the FOMC interest rate hike is rearing its head again. 

The medium term trending indicator is very near to the parity line and just needs gold to push to 1225 and close below there and it would have made contact. 

The long term directional indicator although in a stasis but is gently nudged lower due to the lack of follow through buying. 

It will take some more time before clear indication of the next major move is confirmed. 

The momentum/volatility has scaled by loads and unless there are news sustaining strong moves, things might just quieten down for a bit while waiting for the next earth-shaking news. 

Taking a peek at the weekly charts, noticeably, the medium trending indicator, looks ripe for the plucking, poised very perfectly and nicely for a major sell off, that is, if gold closes below 1210 by week's end.

Interim supports are at 1250, 1238 & 1226.50 with minor supports at 1239.30, 1228 & 1218.40.

Interim resistances are at 1259, 1263.50 & 1275 with minor resistances at 1263.30, 1272.70 & 1278.30.

The daily/weekly trend changer points 1277.05/1137.20.

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

Gold has been keeping to the higher end of the recent ranges. 

However without any substantial moves higher has now put gold on a path lower just as the technicals resychronised and it is weighing down on itself and possibly further disruptive news will push it back higher. 

In the daily charts the short term directional indicators had a mini rebound off the 30% mark to the 50% mark but with the price action lower, might cause it to dribble lower again. 

The medium term directional indicators has in it, formed a double divergence and almost challenging the parity line. 

If prices continue to slide, then the parity line could be challenged as early as Wednesday. 

The long term directional indicators is caught in a stasis and would be at least 2 weeks at the quickest, if any new direction/signal could be generated. 

The momentum/volatility indicators has entered a deceleration phase and look set to continue for at least 2 to 3 weeks with current levels just pushing towards 20% level..

Interim supports are at 1233, 1226 & 1212 with minor supports at 1239.30, 1228 & 1218.40.

Interim resistances are at 1250.50, 1258.50 & 1275 with minor resistances at 1251.70, 1268.30 & 1272.70.

The daily/weekly trend changer points are at 1278.10/1137.20.

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Gold Trends (09 March 2016) - Updates of Mib Agenti

Urgent travel required so no commentary and maybe just some suggested levels for supports and resistances by Mib. 

Interim supports are at 1234, 1218.50 & 1203 with minor supports at 1239.30, 1228 & 1218.40.

Interim resistances are at 1259.50, 1266.50 & 1279 with minor resistances at 1268.70, 1272.70 & 1277.30.

The daily/weekly trend changer points are at 1213.75/1103.15.

Mib Agenti will likely be back on 14th March.

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

In the daily charts, the short term directional indicators have just poked its head into the overbought zone. 

Having done that, it must continue rallying as once it starts to falter, it might be a prelude that the market top has been etched and retracements might be in store. 

The medium term trending indicators are nicely poised upwards but the gap from the earlier peak to its current level is very wide. 

In order to close the gap, would need gold to run to at least 1330 at the minimum.

Failure to surpass the previous peak will in fact turn it into a very strong divergence especially if it manages to cut lower. 

The long term directional indicators are continuing higher and will be a while more before any signs of softness will appear.

The momentum/volatility indicators are at very good levels, around the 50% mark, sufficient to push gold quickly if it so desired.


Interim supports are at 1261.50, 1253.50 & 1247.50 with minor supports at 1256.50, 1239.30 & 1228.

Interim resistances are at 1273, 1276.50 & 1283 with minor resistances at 1272.70, 1277.30 & 1291.40.


The daily/weekly trend changer points are at 1209.50/1103.15.

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

Gold has reacted positively to one bad news after another and propped it a lot higher than when I had left off. 

It has gone up a far bit and if we were  taking only an initial glance, we might be tempted to just jump in and go along with the current trend. 

In the daily charts, the short term directional indicators are positively slanted higher and should be extending into the overbought zone by Wednesday. 

So the prices must definitely run higher (1300) or it's doomed to collapse upon itself should it fail.

The medium term trending indicator has cut very nicely higher but could mutate into a bull trap if the move is not well managed and driven a lot higher. 

A divergence could be confirmed and that spells doom, at least in the short term and we have to see the severity of the retracement in order to see if it can turn into a medium term retracement. 

The long term directional indicators went back into a positive bias last Tuesday and looks like it may continue for 10 days more, lingering to the higher side.

The momentum/volatility indicators have not run amok despite gold pressing a lot higher, it's only around the 50% mark with plenty of maneuverable room either way.

Interim supports are at 1261, 1247.50 & 1242.50 with minor supports at 1256.50,1239.30 & 1228.

Interim resistances are at 1269, 1273.50 & 1280 with minor resistances at 1272.70, 1277.30 & 1291.40.

The daily/weekly trend changer points are at 1205.05/1103.15.

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