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.

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

In the daily charts, the short term directional indicators (aghast) are pushing near to the 50% mark. 

Gold has benefited from the turning of these indicators and made a nice recovery too. 

Having said that, the indicators are not at low levels anymore and perhaps it has about 3, maybe 4 days of upside forays before reaching the overbought zone so caution is not to turn long at the tail end of the swing unless there was some compelling news that simply cannot be ignored. 

The medium term trending indicators are performing very nicely with a classical up turn and just touching the parity line. 

So gold must juggle with the parity line and hopefully we can have a good outcome and not fizzle out. 

The long term directional indicators are taking their own sweet time to re-synchronise and any new leads will probably emerge at the end of next week if the market continues to be moving slowly. 

The momentum/directional indicators have merely just stabilized in a holding position and it will be unlikely to run away anytime soon if it’s just moving on current fundamentals. 

Just as well, the negative bias was overpowered overnight and it is now veering on the positive side.

Interim supports are at 1331, 1324.50 & 1321 with minor supports at 1335.30, 1327.80 & 1315.50.

Interim resistances are at 1348, 1353.50 & 1366.50 with minor resistances at 1352, 1380.80 & 1386.25.

The daily/weekly trend changer points are at 1344.95/1293.50.

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

In the daily charts, the short term directional indicators have firmed up accordingly, coasting just around the 25% level. 

If it goes as planned, we should find gold having a recovery for the week and hopefully this round, it takes its time going higher so the move is sustained. 

Any sharp moves up will only distort the indicators and the play is ended before we can go to Act 2. 

The medium term trending indicators have only just started to cross over and cut back into the positive territory, but are still a long way off from the parity line. 

This will likely underpin gold for another week or two and if we are lucky, maybe even up to 3 weeks. 

The long term directional indicators are trying to disengage from each other but likely, nothing special will come out of that. 

It is disengaging and going back into rudderless drifting as per the market forces wills it. 

Since it is sitting at the other end, it would need at least 2 more weeks of drifting, before any semblance of a new direction will emerge. 

The momentum/volatility indicators are looking desperately close to falling into a coma and the negativity is reducing gradually. 

Gold needs to continue pushing higher, maybe up to 1335, before the negativity can be nullified.

Interim supports are at 1323, 1318.80 & 1306 with minor supports at 1315.50, 1303.60 & 1298.30.

Interim resistances are at 1330, 1353 & 1361 with minor resistances at 1335.50, 1338 & 1352.

The daily/weekly trend changer points are at 1346.50/1293.50.

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

In the daily charts, the short term directional indicators have managed to stave off further selling overnight and in fact, pulled its socks just above the oversold region. 

It might be another day before it is able to solidify and if it does, gold will soon be coasting higher and maybe, this round 1350 will be the glass ceiling and whether it gets broken hinges on any news coming out during those crucial moments. 

However, glass is easily shattered as it is too fragile. 

The medium term trending indicators are also looking like its fending off further weakness and trying hard to hold it just here. 

It is early yet for these set of indicators to cross over and confirmation generation may take at least 3 days at the quickest. 

The long term directional indicators are just gently rubbing against each other but not crossing over and a maximum effort to turn each other on and maybe also over, have gone down the tubes as failure to do so, makes it only a giant tease.  

The momentum/volatility indicators are as exciting as watching my goldfishes get frantic but not really going anywhere, at meal times but attached with a slight negative bias.

Interim supports are at 1308.50, 1304.50 & 1300.80 with minor supports at 1303.60, 1298.30 & 1294.

Interim resistances are at 1318.50, 1322 & 1329 with minor resistances at 1316, 1335.50 & 1338.

The daily/weekly trend changer points are at 1348.20/1293.50.

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

In the daily charts, the short term directional indicators are trying to steel itself and fend off further attacks at the lows, as the smallest kink is now visible with gold where it is. 

The weekend occurrence in Manhattan probably coaxed players to play it safe and take it back for now and see how it pans out. 

If gold refuses to go near to the recent low and also close below 1310, then the small dent will only grow bigger and stronger and soon, and we might have a recovery on our hands. 

If its confirmed, the recovery could last as long as two weeks as it’s rising from a low base. 

The medium term trending indicators have reached about the three quarters mark of its run lower and it would not be a bad thing if it turned up from here. 

The long term directional indicators came so close to being confirmed but was scuttled by news. 

Had it confirmed, the softness would have pronounced and prolonged as well and then offering some fresh ranges not seen since late July. 

The momentum/volatility indicators are having a good yawn right not and remains totally unmoved and just holding to recent levels of activity. 

This will likely put a dampener and the market will not likely to be too keen, to run too far, either direction.

Interim supports are at 1308, 1304 & 1297.50 with minor supports at 1303.60, 1298.30 & 1294.

Interim resistances are at 1319.50, 1324 & 1329 with minor resistances at 1316, 1335.50 & 1338.

The daily/weekly trend changer points are at 1350/1293.50.

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

In the daily charts, the short term directional indicators have poked into the oversold region at the moment. 

Hopefully there will be upcoming news today to help drive gold below 1300 and it will be a nice quick ride lower. 

If by the closing we recover back above 1313, then next week might see gold trying to pare some losses. 

The medium term trending indicators are about 50% done in its current run, if it is a mini run and hopefully gold mirrors the indicators closely so we can see a fresher range, and soon. 

Of course what will be better would be a bigger run, but I wouldn’t hold my breath at the moment. 

The long term directional indicators are nearing cutting lower and confirmation of the new direction. 

It will need at least 2 more days at the quickest, on top of requiring gold to continue lower to have a chance of confirming the bearish outlook. 

The momentum/volatility indicators are still unresponsive to the movements so far. 

It has only slo-mo moved up 2 notches and is stubbornly refusing to be caught up in the recent developments. Maybe when gold breaks and closes below 1300 might then see this indicator live its part.

Interim supports are at 1304.10, 1276 & 1265.50 with minor supports at 1303.60, 1298.30 & 1294.

Interim resistances are at 1321.80, 1328.50 & 1351.50 with minor resistances at 1316, 1335.50 & 1338.

The daily/weekly trend changer points area are at 1351.80/1288.30.


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

In the daily charts, the short term directional indicators have almost made contact with the oversold region and if the market doesn’t run lower soon, the recent softness will start waning before you noticed it. 

It will be good if it can at least touch back to recent lows nearer to 1300’s. 

At their current low levels, even if gold manages to test recent lows, unless there were some major catalyst at that point, to help rationalise it below 1300, it will more likely recover and gold may recover with that.

The medium term directional indicators are forming nicely, sloping downwards, below the parity line and hopefully this will be sufficient impetus to push gold lower and if we are lucky, we get to see 1290’s if only basing on just this indicator. 

The long term directional indicators are not near enough to give too much clues as to the next major move. 

These indicators are more useful when market have sustained moves, otherwise you can get easily whipped if just basing on this for your trading. 

The momentum/volatility indicators are not in an excitable state yet so any moves, may not have as much follow through as we like. 

Who in their right minds like taking huge risks of swimming in the open seas with unknown dangers and then surf for 10 feet and the waves just dies down. 

The returns are just not justifiable unless, you are a range trader.

Interim supports are at 1308, 1304 & 1277.50 with minor supports at 1303.60, 1298.30 & 1294.

Interim resistances are at 1325.50, 1331 & 1351.50 with minor resistances at 1316, 1335.50 & 1352.

The daily trend changer point which was resting at 1313.70 has just been triggered while the weekly trend changer point is at 1288.30.

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

In the daily charts, the short term directional indicators have lost some ground and pushing lower today. 

It has almost reached the 35% mark and a pittance the gold price is not in tandem taking advantage of the easing indicators. 

In another day or two the indicators will have probably flopped near to the oversold region but without a correspondent price action, it will then likely see gold pushing back higher after that. 

The medium term trending indicators on the other hand has convincingly confirmed it’s crossing back to the lower, plus gone below the parity line and bearing downwards. 

With nothing else giving gold a push lower, it may just dwindle around here and after a long enough duration of not testing lower, the indicator will surely right itself and start trying the other way. 

The long term directional indicators are still in the thick of the forest and would require agile meandering before a clear signal/direction can be generated. 

At the quickest, it needs another week to show its ace, if at all. The momentum/volatility indicators are at such low levels it’s like lull of the waves in the background. 

Almost unnoticeable but study it you must or else before you know it, the tsunami hits you and you missed the ride of your life.

Interim supports are at 1314.50, 1311.50 & 1304.50 with minor supports at 1315.50, 1303.60 & 1298.30.

Interim resistances are at 1327, 1331 & 1351 with minor resistances at 1335.50, 1338 & 1352.

The daily/weekly trend changer points are at 1312.05/1288.30.

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

In the daily charts, the short term directional indicators have been pushed lower to around the 50% level now. 

If market wishes to play the recent lows, maybe back towards 1305, there is still sufficient height in the indicators. 

If market do go there, then possibly it might run out of “run way” for gold to zip too low. 

The medium term trending indicators have been pushing lower and just managed a confirmed cutting for the lower. 

However, the parity line is now in the way and if gold manages to hang on here flirting with the parity line, it may well stave off fresh attempts to force it lower. 

Gold needs to hang on here above 1320, without succumbing, at least till the end of the week and we may see a small recovery by next week, as it needs time to shake out all the negativity. 

However, that is a tall order and the market is jittery as the interest rate hike news keeps flicking the switch on and off repeatedly for the past year. 

The long term directional indicators have gone into limbo for now as it needs to work out the next course of direction it favours as it is right smacked in the middle. 

The momentum/volatility indicators are too depressing to look as it has dived all the way to the bottom but it has almost cut across, on the verge of generating a negative bias for now.

Interim supports are at 1313.50, 1310 & 1306 with minor supports at 1315.50, 1303.60 & 1301.

Interim resistances are at 1331, 1350.50 & 1364.50 with minor resistances at 1335.50, 1338 & 1352.

The daily/weekly trend changer points are at 1310.40/1288.30.

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

In the daily charts, the short term directional indicators have hooked backed below the overbought region but it has not crossed each other out yet and so the change in direction remains unconfirmed for now. 

All gold needs to do is to continue tending away from the recent highs, holding around the 1330 levels, the indicators will have confirmed by then in a couple of days. 

The medium term trending indicators are also in trouble today as they are also gravitating and lulled lower, removing early on some of the urgency seen in the push up previously. 

That being said, there is a soft touch but the indicators have not been compromised as yet and could be a play in the making, that is, bring it towards the parity line to shake off the weak longs. 

So we should be extra careful when the parity comes into play and correspond with the other indicators at that point of time. 

The long term directional indicators have been a futile move in the push higher as the market is not able to convert that. 

It would have helped if gold had managed to continue holding near the highs and daily closing above 1360 and the signals would have been confirmed. 

The momentum/volatility indicators are looking more depressing as the days goes on as nothing seems to excite gold anymore. 

However, that should be us on double alert as, when it’s too quiet, something will likely be brewing in the undercurrents.

Interim supports are at 1333.50, 1328 & 1315.50 with minor supports at 1327.80, 1315.50 & 1303.60.

Interim resistances are at 1352, 1356.50 & 1368 with minor resistances at 1338, 1352 & 1380.80.

The daily/weekly trend changer points are at 1306.80/1282.80.

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

In the daily charts, the short term directional indicators have gone deeper into the overbought zone and without a corresponding price action in the gold. 

That makes it a little worrisome as it is out of sync and usually in such instances, the price prevail. 

The medium term trending indicators are positively above the parity line now but it is not extending higher with slight signs of trend weariness. 

If it doesn’t start moving higher and close above 1360 soon, we will see trend retardation and then decay and finally failure. 

The whole process could be over in 3 days. 

The long term directional indicators are so close to converging, but with the lower gold price action makes it doubly difficult to close in a positive light and provide too much impetus for gold to try higher at the moment. 

The momentum/volatility indicators have dropped a notch and may see slide back to a state of dispirited range bound activity. 

It is hard to get excited with the market in such a phase but luckily summer is almost over and hopefully, we have a bang to the close of the year. 

It looks and feels like we maybe building up to that as it’s the most peaceful at the eye of the storm.

Interim supports are at 1335.50, 1327.50 & 1314.50 with minor supports at 1344.20, 1335.30 & 1326.

Interim resistances are at 1355.50, 1358 & 1373.50 with minor resistances at 1352, 1380.80 & 1386.25.

The daily/weekly trend changer points are at 1304.90/1282.20.

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

In the daily charts, the short term directional indicators have pushed up too much overnight and have in fact, just made contact with the overbought zone. 

It is a pity that the move was not measured so that gold could have had a better chance of breaking the recent highs as it will get tougher to push too much higher with the indicators are current levels. 

The medium term trending indicators have pushed well past the parity line with more upside bias for now. 

Basing on just this indicator, it looks like gold has still a long way to go for testing higher but we have always to keep our eyes on the development of the other indicators too. 

The long term directional indicators are trying hard to cut below the lower rib and if it’s successful, would underpin prices, usually for a longer duration. 

However, it is still at least 2 days away from any confirmation and that will require gold to at least test and close for the week at least 1360 or higher. 

The momentum/volatility indicators have only just woken up a little and the heat needs to be turned up at least 3 more notches, and quick, before the market is able to make anything out of it.  

Failure to do so will send it back into slumber land and range trading will likely rule the market for some more time.  

Interim supports are at 1335, 1325 & 1314 with minor supports at 1344.20, 1335.30 & 1326.

Interim resistances are at 1354, 1374.50 & 1387.50 with minor resistances at 1352, 1380.80 & 1386.25.

The daily/weekly trend changer points are at 1302.90/1282.80.

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

In the daily charts, the short term directional indicators pushed to almost the 60% mark before the London am fix without having a corresponding move in the actual price. 

This would have been a little worrying if gold didn’t play catch up to the indicators but luckily it did. 

Had it not and the indicators had kept on rising, would have made for a good sell when the indicators turned back lower. 

However, with the indicators already at such a high level, could mean that it is running out of upside maneuverable room at the top end of the range before hitting the overbought region. 

That is to say, on its own, it will be difficult to break out from recent highs unless there was powerful news behind it. 

The medium term trending indicators are shaping up rather nicely and probably touch the parity line from beneath by the week’s ending. 

That will keep gold teetering nearer the higher end of the ranges, at least for now. 

The long term directional indicators have only negated recent weakness and nowhere near to forming a new direction for at least a week and a half. 

The momentum/volatility indicators are racked 1 bar higher and that’s about it. 

It is still insufficient to provide the basis of a really good move. 

So there might not be too much depth or, the moves in either direction do not have much sustaining power.

Interim supports are at 1328.50, 1323.50 & 1314.50 with minor supports at 1315.50, 1303.60 & 1298.30.

Interim resistances are at 1335, 1351.50 & 1365.50 with minor resistances at 1335.50, 1338 & 1352.

The daily/weekly trend changer points are at 1332.25/1282.80.

Note: The daily trend changer point was overran and now underpins prices for now.

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

In the daily charts, the short term directional indicators are nicely bearing upwards and just shy of touching the 50% mark. 

After all, it is a market holiday, that is, the US Labour Day Holiday. 

The market has been very docile today with nothing otherworldly happening with most preferring to sit on the sidelines, happy to just idle till at least, the market movers are back tomorrow. 

The medium term trending indicators are turning up really nicely and only in the middle of their recovery. 

Even if there were no power pushing it higher, with the indicator thus formed, would suggest that it will at least remain nearer the firmer side so the lower supports will bereft of a visit anytime soon, at least for another week. 

The long term directional indicators have finally managed to negate the bearish signals for now. 

However, that will mean that it will need time to re-synchronise and strategise its next move, and at the quickest, will take at least 2 weeks before the new trend becomes apparent. 

The momentum/volatility indicators are still nonstarters and of no use in helping gold moving too far away from current ranges. 

There is a slight tinge of bullishness at the moment but the problem is, it is not running away.

Interim supports are at 1322, 1314 & 1306.50 with minor supports at 1315.50, 1303.60 & 1298.30.

Interim resistances are at 1327.50, 1332.50 & 1351.50 with minor resistances at 1335.50, 1338 & 1352.

The daily/weekly trend changer points are at 1337.20/1282.80.

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

In the daily charts, the short term directional indicators look like they are in the midst of trying to turn back higher. 

In fact, they are trying to breach back above the oversold zone. 

Once this is set in stone, then gold will stand a better chance to head back higher to at least 1350 in the interim of this recovery run. 

The trick is not to run too fast or else the indicator will peak far too early and we might see it backpedaling sooner than we like. 

The medium term trending indicators are finally showing a little mettle and trying to fend of the recent lows and attempting to put an end to the recent softness by trying to cut back for the higher. 

If it is tastefully and successfully done, could see gold recover back to recent highs with ease. 

As it is coming from deep within the negative zone, it has lots of potential to push it back higher, a lot higher. 

The long term directional indicators are at the last, still bearing southwards but if the short and medium term indicators have confirmed turnings, might breathe some of the positiveness into this indicator and cull the weakness out of it and go into some consolidation.  

The momentum/volatility indicators need steroids urgently and it can easily go from snail’s pace into hibernation mode fairly quickly as the levels are really too low and will be difficult to dial it up to a running mode, if at all, in the next week.

Interim supports are at 1312.50, 1305 & 1299.50 with minor supports at 1315.50, 1303.60 & 1298.30.

Interim resistances are at 1324.70, 1335.80 & 1356.50 with minor resistances at 1335.50, 1352 & 1380.80.

The daily/weekly trend changer points are at 1342.90/1276.90.

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

In the daily charts, the short term directional indicators are at such low levels that it just needs to touch 1300 and possibly we might hit the bottom – first level and psychological support. 

The market pushed really hard in the Asian hours towards 1300 but bargain hunters underpinned and disrupted efforts of the sellers. 

What is not good here is, after having come to such a low level and if it just closes back above the 1310, might see this indicator on the verge of crossing back up and a good chance of it happening. 

With that, market will go into a recovery for at least a week or so.  

The medium term trending indicators are going deeper in the negative territory and could remain negative for a longer period of time. 

The long term directional indicators are also forming up nicely and still looking like a classical definition of a bearish market. 

The momentum/volatility indicators have not arisen from its stupor of summer and still sloth-like and rests like a giant, waiting to be awaken. 

However, to wake this behemoth, needs tremendous effort and anything short of that, will be futile. So we might not see 1300 broken in this round.

Interim supports are at 1301.50, 1299 & 1274 with minor supports at 1303.60, 1298.30 & 1294.

Interim resistances are at 1318, 1323.50 & 1335 with minor resistances at 1316, 1335.50 & 1352.

The daily/weekly trend changer points are at 1249.60/1276.90.

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