Gold Trends (14 September 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have descended to around the 40% mark now but gold didn’t move in a similar fashion.  

So it would seem that the 1320 is holding the market well and helping to stabilize it here. 

It will be good if the market is able to maintain below the 1330 but above the 1320, then in all likelihood, the indicators will creep nearer to the oversold region and from there managed to do a turn around, then the market stands a good chance to push back nearer the recent highs. 

The medium term trending indicators are erasing gains swiftly and corrected by almost two thirds and with a slightly higher chance that the indicators will try to push lower from here, targeting the parity line and if all goes accordingly, then the earliest the parity line will be challenged will be next mid-week. 

The long term directional indicators are in the channel now and it will take at least a week before the new direction emerges. 

The channel is now sloping down sharply but luckily the bottom band is helping to hold gold here as that acts as a psychological barrier and in order to break through requires a forceful action, usually on the back of some major news. 

So gold will likely consolidate temporarily and the next gust will determine which direction it will be blown. 

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The momentum/volatility indicators are sputtering at the moment as the descent seem to have grown some brakes, lower by only a notch from the previous day. 

The positive bias gave up some ground slightly quicker than expected, but likely not in danger of being negated this week as the gap is still wide enough to withstand some selling, but if gold closes below 1300 for the week, then the bias will be negated and turn negative.

Interim supports are at 1317, 1303 & 1297.60 with minor supports at 1315.50, 1303.60 & 1298.30.

Interim resistances are at 1328.50, 1334.50 & 1351.50 with minor resistances at 1335.50, 1338 & 1352.

The daily/weekly trend changer points are at 1354/1231.50.

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Gold Trends (13 September 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have continue sliding lower and around the 58% level now, losing over 25% as the lows of around 1323 were tested yesterday. 

These indicators will likely continue pressuring the complex lower as it still have some length beneath that could be taken advantage of.  

As the earlier run lower was swift and forceful, that is, a low of 1323 was achieved, looking at the height of the indicators now, could mean that 1320 might not be able to hold back the march lower unless some fresh rumblings come into play. 

The medium term trending indicators continue to point lower, and have lost about 50% of its earlier gains. 

However it is still days away from reaching the parity line and without any new disturbances, the parity line could be challenged at the earliest, by next Wednesday. 

The long term directional indicators are breaching the channel and piercing right into it, with the channel sloping downwards quite steeply. 

However, it is only conclusive if at the closing, it remains thus, unless gold closed back above the 1330’s and it then becomes a near miss again. 

So a closing below 1320 will confirm that the direction is negated and some consolidation is required before the fresh direction becomes apparent. 

The momentum/volatility indicators are being slam dunked and lost many notches making for difficulty to hold the attention in any particular direction for too long. 

The positive bias strangely managed to stem the losses and trying to ward off the crashing through of the 1320 level as the gap somehow started stabilizing and holding it steady.

Interim supports are at 1320, 1313.50 & 1305 with minor supports at 1315.50, 1303.60 & 1301.

Interim resistances are at 1331.50, 1335.50, & 1350.50 with minor resistances at 1335.50, 1352 & 1380.80.

The daily/weekly trend changer points are at 1356.15/1231.50.

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Gold Trends (12 September 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are sliding down furiously due to there being little rumblings recently and around the 73% level now. 

As it is coming off steeply, gold may have difficulty staving off further loses as it tries to find some support along the way down, hoping to hold it steady and try to turn it back to the higher side thereafter. 

The medium term trending indicators are looking even more set to ensure that it does go lower and some chance we could test the parity line by the week’s end, translating to the 1300’s being tested. 

That is, if the market is run on just one indicator but that is not the case so all other indicators must also be taken into considerations. 

The long term directional indicators are a lot nearer to the bottom rung of the channel as the gap has narrowed a lot in yesterday’s session and needs gold to close below 1220 in order to negate the current direction. 

However, this is especially a tough job to end it, this past month a half as it managed to touch and not confirm and instead started widening up again the next day. 

This time round is no exception and the indicator might come so close and even to the point of touching the bottom of channel from below, but then start gapping away from the channel the next day, especially if it didn’t manage to breach and close with the direction negated. 

So a lot of watching and seeing plus patience is required in order to plan the next move. 

The momentum/volatility indicators are losing ground very rapidly and now back into the warm zone but luckily not too far in yet and a revival from here is a lot easier than if it had gone to lukewarm zone. 

The positive bias is still too wide and likely not be contraed these couple of days a lot it has continued narrowing, but gradually.

Interim supports are at 1315, 1311 & 1303 with minor supports at 1315.50, 1303.60 & 1301.

Interim resistances are at 1333, 1338.50, & 1352 with minor resistances at 1338, 1352 & 1380.80.

The daily/weekly trend changer points are at 1357.55/1231.50.

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Gold Trends (11 September 2017) - Updates of Mib Agenti

Having been called away the past 2 weeks at the last minute, I was not able to pre-warn of my absence.  

Thanks to the many global rumblings egged gold higher and higher, culminating with a high of almost 1360, not a bad effort at all. 

As the market rose steadily on the rumblings, the “legs” could easily go limp quickly once the rumblings stop or if the perceived danger is deemed to have cooled off and for now, and the only way for gold to prick the year’s high is for new rumblings to emerge. 

In the daily charts, the short term directional indicators have performed below par even as gold tested so much higher, it did not manage to surge past the previous peak and have now, turned back lower and bearing down just below the overbought region and is long overdue for some correction to take place. 

The medium term trending indicators did shoot past the earlier peaks comfortably by at least 50% but have now cut and turned down. Due to the acute gradient, if no new catalysts come into play over the next 2 days, gold could be thrashed heavily and 1320 could be impacted. 

The long term directional indicators are maintaining a huge gap to the bottom of the channel and gold needs to trade till 1310 and close below that in order to negate the direction. 

Seen currently, could be an early indication that the channel is trying to level off but gold could likely try to hold the mid-range levels as long as it possibly can in order for all the other indicators to re-synchronise itself before deciding on its next move. 

The momentum/volatility indicators are sharply declining as it heads back lower but it is still in the hot zone so given the correct incentive, it could easily reverse and another major move in the offing. 

The positive bias gap was narrowing the past 2 days but only marginally.

Interim supports are at 1332.50, 1328.50 & 1308.50 with minor supports at 1327.80, 1315.50 & 1303.60.

Interim resistances are at 1343, 1356.50 & 1359 with minor resistances at 1338, 1352 & 1380.80.

The daily/weekly trend changer points are at 1330.95/1231.50.

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Gold Trends (25 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators curtailed pushing lower and are in a holding pattern just as it nears the 50% level. 

If it stopped pushing lower, then there is a fair chance the indicator could manoeuvre a about turn from here, which is a lot better then turning around when it was around the 70% mark translating into having more space to test higher than the latter. 

However, the closing is crucial determinant where it will head the earlier part of next week. 

If it closes above 1294, then 1300 could be tested and conquered but if it closed below 1280, then it had failed in the attempt. 

The medium term trending indicators are not yet convinced and continue to look pressured and needs gold to test and close above 1300 in order to wipe the disbelief clean away and turn it back upwards. 

The long term directional indicators are very near to the channel which have flattened its trajectory and could be easily pierce back into the channel if gold pushes and closes below the 1277 level, putting an end to the direction and set in motion some cooling off time. 

The momentum/volatility indicators are still maintaining without gain or losses and not far from the red zone so it needs some help to push it just a wee bit more and we see some good moves and new range set. 

The positive bias continues narrowing marginally but is still not in danger of being cancelled as the gap is still too wide.

Interim supports are at 1285, 1274 & 1270 and minor supports at 1282.50, 1278 & 1270.60.

Interim resistances are at 1295.50, 1309 & 1320.50 and minor resistances are at 1291.40, 1305.90 & 1309.90.

The daily/weekly/monthly trend changer points are at 1275.85/1210/1301.60.

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Gold Trends (24 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have dribbled to the 54% mark now while gold is managing to keep holding above the 1280’s. 

Should the indicators continue on its path lower, preferable if it can sink to at least 30% mark, but at the same time with the gold holding firm, will place itself in a good position when the indicators eventually turn back up and higher and gold will be easily pulled along for the ride and with plenty of scope on the upside after that. 

The medium term trending indicators are managing to come off a little only, and looks more like the market is drooling instead of being bashed lower in one swift strike. 

It is apparent that there are strong undercurrents at play now and the victor is the one with the stronger hand and if sufficient fundamentals are on its back, pushing it along. 

The long term directional indicators are much nearer to the bottom of the channel now but could be 2 days, at the earliest, that the gap has any chance of being closed and direction compromised. 

Perhaps what could be a detriment is the channel has levelled off now and if no new highs are made in the next week, or if gold closes below 1275 at the week’s ending, that is, whichever comes first, the indicator would manage to close the gap and direction neutralised. 

The momentum/volatility indicators are somehow managing not to decline and holding steady at the moment. 

We need new catalysts to tip it over the red zone and hopefully set the market running. 

Gold has been boring for the past week, preferring to keep to narrow ranges but to the delight of the range traders. 

The positive bias continues narrowing but only marginally but is in no danger of being negated this week, that is, unless gold was driven to 1230’s or lower.

Interim supports are at 1284.50, 1273.50 & 1270 and minor supports at 1282.50, 1278 & 1270.60.

Interim resistances are at 1293.50, 1308.50 & 1320.50 and minor resistances are at 1291.40, 1305.90 & 1309.90.

The daily/weekly/monthly trend changer points are at 1273.70/1210/1301.60.

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Gold Trends (23 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators were not successful in its attempt to stop looking weaker and didn’t manage to cut back across and higher. 

The indicators today continue sliding a little more lower and around the 60% mark and an early indication that it would likely continue correcting and resynchronising. 

The major benefit being, although the indicators are being pulled back, we do not yet see a corresponding move in gold and once the indicator has corrected sufficiently to at least the 30% mark, and managed to turn around from there with gold keeping above 1280’s, that could well send gold towards 1300 and higher. 

The medium term trending indicators are pulled towards the parity line now and without any major geopolitical events shaking the market, confidence in gold looks shaken for now and targeting the 1250’s could be a reasonable expectation in the next week. 

The long term directional indicators are still underpinning the market but the gap to the channel narrows more today with the channel almost horizontal, like it is losing trajectory. 

This also puts a top to the move for now and could become a bugbear should the market challenge the recent highs again and the only way to wash it away would be for gold to close preferable above at least 1295. 

Then to help totally erase all traces of that, a closing above 1302 will likely guarantee that and we could push towards 1320 thereafter. 

The momentum/volatility indicators are just maintaining and keeping near to the red zone, about 5 notches to push it there. 

The positive bias is losing ground at a slower pace today and not unreasonable should it start to widen again from here but hopefully with the momentum in the red zone so that we can break  out of recent ranges which have become stale now.

Interim supports are at 1283.50, 1273.50 & 1269.50 and minor supports at 1282.50, 1278 & 1270.60.

Interim resistances are at 1293.50, 1308.50 & 1320 and minor resistances are at 1291.40, 1305.90 & 1309.90.

The daily/weekly/monthly trend changer points are at 1271.35/1210/1301.60.

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Gold Trends (22 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have dribbled to the 63% level and attempting make a reversal from here as one of the indicators have levelled off and pulling higher but has not cut above and crossed back positively yet. 

If it is successful, it will be an interesting play as the indicators have come sufficiently lower, thus creating the necessary headroom space for itself, translating into a possibly meaningful attempt to push above the 1300’s. 

The medium term trending indicators were not able to keep from showing weakness and failed in its attempt to keep from cutting back higher but luckily the gap have not opened widely so, a reversal will be easier to manage if that was desired. 

However, if gold failed to keep above 1280’s for the week, gold could like drop back towards the 1250’s. 

The long term directional indicators are levelling even more today but luckily has not started to slant downwards. 

The gap between the indicators and the channel are closing up a little from the previous session but since the channel is levelling off, so gold is curtailed for now until the channel starts opening and higher.  

The momentum/volatility indicators remain uninspiring as it came off by 3 notches just as it neared treading into the hot zone but lost it resolve at the last minute.  

The positive bias dwindled slightly but in no way, in danger of it totally collapsing just yet. 

For that to happen, will mean gold has to trade and close below 1230 at today’s closing so the chance of that, is too distant. 

That being the case, these indicators will continue to remain positive for some more time but do remember that there can be varying degrees of positivity.

Interim supports are at 1282.50, 1273.50 & 1269.50 and minor supports at 1282.50, 1278 & 1270.60.

Interim resistances are at 1293, 1308 & 1319.50 and minor resistances are at 1291.40, 1305.90 & 1309.90.

The daily/weekly/monthly trend changer points are at 1268.75/1210/1301.60.

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Gold Trends (21 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are maintaining their stance despite so much effort to try to keep it on the higher side.

However with a dearth of fresh news where itchy fingers might launch nuclear war heads have calmed the markets, hearts and nerves too. 

Without any news of such proportion, makes it hard for the market to continue skirting near to the 1300’s on its own. The only reason left for a push higher, will most probably be trying to kill of the stops lingering just above the psychological level. 

The medium term trending indicators levelled off here and looks like in the process of trying to engineer near a turning back higher but needs gold to close above 1299 in order to guarantee its success. 

However, it is looking very crunched up right now and gold could be headed for a bashing if no more geopolitical tensions and news plus stops start evaporating, above the 1300. 

The long term directional indicators are maintaining its trajectory but a levelling off in the channel is seen, narrowing the gap between the indicators and the channel. 

The top of the channel severely restricts gold from exploring and gaining ground above the 1298 and we new stimulus in order to send it cleanly above the 1300. 

The momentum/volatility indicators are just niggling around without giving clear indication of good momentum coming through the market at the moment so it makes for difficult trading with the market tending to give up easily and head back the other direction just one you thought a clear path is made.  

The positive bias retracted only just a little and gap between the 2 poles remain formidable and widely stretched so there is no danger of the bias being negated in the next 2 to 3 days and likely to keep gold teetered nearer the 1290’s.

Interim supports are at 1283, 1272 & 1259 and minor supports at 1282.50, 1278 & 1270.60.

Interim resistances are at 1293.50, 1308.50 & 1320.50 and minor resistances are at 1305.90, 1309.90 & 1316.

The daily/weekly/monthly trend changer points are at 1265.95/1210/1301.60.

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Gold Trends (18 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are still stubbornly refusing to push any higher despite the gold clearing the 1290’s and also not yet cutting up. 

So at least it is holding steady and needs gold to close around 1299 level or higher before it can cut and turn back higher and try to push back into the overbought region. 

The medium term trending indicators are more successful and have confirmed turning back up and northwards bearing. 

However, it must certainly push past the previous peak and in quick succession or else it might doom itself into confirming yet another divergence here should it ease back from here. 

The long term directional indicators are again opening up the gap between the channel and the indicator with the top of the channel crippling the push for gold to run even higher as it is now banging at the top around the 1298 level. 

So bring on more news to help gold to push past these levels so that the channel starts widening again and more headroom above. 

The momentum/volatility indicators surged slight overnight and just about 3 notches from turning hot and shooting past 1300 ought to do the trick and that in itself, could bring fresh impetus into the market and carry gold sailing past 1308, the previous high, and head towards 1321.50 being the target. 

The positive bias looks really entrenched will be hard to be unseated for now and could stay the market looking thus for at least another week.

Interim supports are at 1282, 1267.50 & 1261.50 and minor supports at 1282.50, 1278 & 1270.60.

Interim resistances are at 1295, 1306 & 1323.50 and minor resistances are at 1305.90, 1309.90 & 1316.

The daily/weekly/monthly trend changer points are at 1262.95/1206.20/1301.60.

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Gold Trends (17 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are trying so hard to effect a turning here and also push back into the overbought region but the act is not successfully done yet.

In today’s trading, it is a must for gold to push above at least 1290’s or else it dooms itself to be pushed back towards the 1270’s for now. 

So keep the news rolling so that it becomes the wind in the sail to bring gold higher.  

The medium term trending indicators are much closer at trying to effect a cut back above towards the higher side but just when it’s almost a done deal, it just fell short, it didn’t have that last bit of burst to carry it over the line.  

So as speedily as it ascended, it could as quickly descend now so let’s hope it isn’t so. 

The long term directional indicators are stubbornly refusing to converge and kow tow to all the shorter indicators and still managing to hold its on and even helping gold to remain a lot longer nearer the higher end. 

This is evidently seen from the previous session when the kiss of death was on it but somehow it managed to wriggle free and pull away again to maintain the upper hand and in control so the direction is still alive, but by only a small margin. 

The momentum/volatility indicators are just inching a little higher and no fanfare yet. 

It will take a lot more doing in order to get it piping hot. Maybe a push above the 1300’s could set it ablaze and hopefully, fresh fuel to the fire. 

The positive bias opened up a little wider since yesterday and the gap is really wide and needs gold to be whacked hard to close at least below 1250’s, in one swift motion, to totally eradicate and turn it negative.

Interim supports are at 1278.50, 1265.50 & 1259.50 and minor supports at 1282.50, 1278 & 1270.60.

Interim resistances are at 1291.50, 1299 & 1302.50 and minor resistances are at 1291.40, 1305.90 & 1309.90.

The daily/weekly trend changer points are at 1261.10/1206.20.

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Gold Trends (16 August 2017) - Updates of Mib Agenti

Gold was eventful the past week and a half thanks to the super powers daring each other on the nuclear front saw gold rise to a high above the 1290’s. 

However, just as the verbal jostling abated, so gold slumped back as well. 

In the daily charts, the short term directional indicators are not looking well despite the nice attempt at trying to conquer the 1300’s as a three humped divergence has now formed and also cut downwards, below the overbought region. 

If considering nothing but this indicator alone, then, gold is doomed to be thrown but to the pits from whence it climbed from. 

However in reality, all factors and fundamentals have to be fully considered in order for planning your trades. 

The medium term trending indicators are also showing a divergence but only a 2 humped one and freshly minted.

In the nearer term, gold will likely try to head for 1230’s at the least for now and if speedily done, then 1200’s further out. 

So please watch out for any new nuclear rumblings which might distort the prices again. 

The long term directional indicators needs gold to be closing at 1268 and below in order to confirm negation of the current direction as at the last, it was at a kissing posture, that is, waiting to be or not to be confirmed, depending on the closing. 

The momentum/volatility indicators are suggesting that the market is slow moving and maybe not able to get to an agitated state for now, so extreme moves will not be apparent. 

The positive bias still remains open widely and probably will not be compromised this week. 

To bring the 2 poles together, could probably need gold to be closing at least 1245 or lower in order to have a near enough chance.

Interim supports are at 1262, 1255 & 1249.50 and minor supports at 1265, 1260.60 & 1256.50.

Interim resistances are at 1272.50, 1288.50 & 1295 and minor resistances are at 1277.30, 1291.40 & 1305.90.

The daily/weekly trend changer points are at 1259.15/1206.20.

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Gold Trends (04 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are pressing just a tad lower from yesterday without big losses yet now that it’s a confirmed signal, if it plays out right, we could see at least 1235 if it’s a slow move and, 1215 if the move is a furious one. 

The medium term trending indicators are southwards bearing and painting a possible a killer move in the offing, with gold being sunk back towards the 1200’s, over the next 3 weeks. 

As the indicators are freshly cut across with a steep gradient, could mean a almost noiseless descent in the making. 

The long term directional indicators are levelling even more today and does look a little toppish but the gap from the indicators to the channel is still too wide and hard to compromise. 

It will take considerable effort to utterly and completely destroy it, requiring that gold trades and closes below 1255 for the week. 

So the closing is crucial as, even if it traded below 1255 but closed back above the 1265, then you could have witnessed a false break and some might even identify it as a rising star. 

The momentum/volatility indicators are remaining unchanged from yesterday and at such low levels it is difficult to expect any foreseeable big movements. 

So if any big movement comes, it will be a result of external factors, not on its own dynamics. 

The positive bias staved off narrowing further and the gap is too wide for the bias to be easily converted to look negative within the next couple of days, but looking battered is another matter altogether.

Interim supports are at 1255.50, 1250.50 & 1241.50 and minor supports at 1254.80, 1239.30 & 1228.

Interim resistances are at 1264, 1277.50 & 1286.50 and minor resistances are at 1268.30, 1277.30 & 1280.40.

The daily/weekly trend changer points are at 1258.20/1283.85.

Note: The daily trend changer points would have been taken out now, so this is lending some pressure on gold prices here on.

Mib will be travelling the whole of next week.

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Gold Trends (03 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are unable to withstand holding in the overbought zone and just managed to cut down lower and under the zone now. 

Now that’s done, the market is due for some retracements soon and the only thing able to turn/save the situation, will be  a strong gust of news or geopolitical tension and if none arises, then gold has seen the highs and a dip is imminent. 

The medium term trending indicators was created by a steep climb up and having just confirmed cutting across and back lower. 

Once it works out its kinks, we could see a steep descent as well, making a symmetrical and mirror image of the ascent which could send gold to at least, the low 1200’s. 

In the long term directional indicators, we are finally able to see some slight levelling off and the gap between the indicator to the channel, has become smaller. 

By and large, the current direction is very much intact, and probably be negated once gold starts closing below the 1260’s and lower, in order to cancel the direction in the next 5 days. 

Failing to do so will mean that gold had managed to stabilised above te 1260’s and once sufficient time has passed and the indicators all recalibrated, could swing back higher again. 

The momentum/volatility indicators are starting to be wishy washy again as it lost at least 7 notches lower, having no true desire to push it out of the comfort zone any time soon, to continue testing the highs. 

The positive bias’s gap is much closer today but it doesn’t look like it can be pushed a 180 degrees yet, and safe for the week. 

Gold is pitted to slide further and deeper next week so the earliest it can be tipped over the other side, is then.

Interim supports are at 1262, 1253.50 & 1249 and minor supports at 1260.60, 1254.80 & 1239.30.

Interim resistances are at 1275, 1284 & 1290.50 and minor resistances are at 1268.30, 1277.30 & 1280.40.

The daily/weekly trend changer points are at 1257.95/1283.85.

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Gold Trends (02 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are just sitting above the overbought zone and not budging and somehow managing to defy gravitational pull back earthwards. 

Without new highs made, the indicators could easily be pulled back downwards as they are the most whippy with the least resolve. 

The medium term tending indicators are looking a little dicey as a cross is being attempted right now and will be most successful if gold closes below 1260 today. 

If the cross over is confirmed, could send gold on a nice long ride back lower towards the 1200 as the target. 

Also, it will be coming off from a very nice height so it will have sufficient room for trying the lows. 

The long term directional indicators are well entrenched for now and can only be dislodged off its perch is, if gold closes below 1257. 

With such a narrow channel to navigate, it is most unavoidable that it keeps banging the top and does a 180 degrees and start hitting the bottom next. 

This is most frustrating for trend traders as they will be bled dry, each and every time. 

The momentum/volatility indicators are at levels very near to the hot zone today, just 3 more notches could help send gold in a dizzying frenzy but don’t hold your breath as it is not plain smooth sailing for gold to test higher. 

From here on, as gold has remained positive for almost a month already, some retracements are due and good chance for indicators to resynchronise itself, thereby creating the necessary space, before attempting to push it higher still. 

The positive bias is continuing to open wider today but at a decreasing rate as it is getting weary. So maybe we cannot expect gold to move in a bigger fashion.

Interim supports are at 1261.50, 1253.50 & 1249.80 and minor supports at 1260.60, 1254.80 & 1239.30.

Interim resistances are at 1275.50, 1285.50 & 1291.50 and minor resistances are at 1272.70, 1280.40 & 1291.40.

The daily/weekly trend changer points are at 1253.95/1283.85.

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Gold Trends (01 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are pushing higher in the overbought region despite that it can easily run out of headroom and knock onto the ceiling. 

If the play is well managed, gold could continue rising for another 2 days before that happens, in a bid of gold positioning, that is, push it quickly above the 1300’s first so that on the retracement down, that is able to catch it from falling back too far so that when the direction changes again, it starts off from a higher ground. 

The medium term trending indicators are showing some signs of fatigue with slight levelling off seen. 

It has now matched the previous peak now, as it takes a breather and ponders if it were to try to scale the peak even before that. 

The long term directional indicators are relentless and the gradient ushering it higher looks very firm but it must contend the narrow and congested channel and hopefully it doesn’t get tired banging on the 2 bands and give up its run higher midway. 

The momentum/volatility indicators are increasing by quite a few notches but still not near to the hot zone yet. 

Additional catalysts are required to send it upwards and usually in the form of news or events of global proportions. 

The positive bias opened wider at a slower rate to, remaining unchanged from the previous session, just as gold is languishing nearer the highs as closing too low will unnecessarily cause it to look toppish and accidentally trigger off selling and turn into a self fulfilling prophecy.

Interim supports are at 1260, 1254 & 1242 and minor supports at 1260.60, 1254.80 & 1239.30.

Interim resistances are at 1276, 1286 & 1291.50 and minor resistances are at 1272.70, 1280.40 & 1291.40. The daily/weekly trend changer points are at 1208.55/1290.60.

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Gold Trends (28 July 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are attempting to push it back under the overbought region but with some news, it averted the inevitable for now and pulled itself higher again. 

So the closing for the week is all important and closing nearer the highs would ensure that we have a fair chance of poking higher still next week. 

As it is, being where it is now, is like in low oxygen altitude and the going gets twice tougher and having a lower close, especially below the 1260 could send it for some correction and if not carefully handled, a medium term correction. 

The medium term trending indicators levelled off in Asian hours and in the midst of trying to undo the slight weakness seen to straighten itself to try to at least match the previous peak. 

Having said that, the recovery is been a decent one.  So no lost love if it decides that the recovery is sufficient and decides to turn tail from here. 

The long term directional indicators are pulling further from the channel as the direction solidified slightly more but has gold pushing right at the top of the channel. 

This is a little frustrating as the gains are painstakingly slow and a cause of uneasiness. 

The momentum/volatility indicators are just creeping higher by a couple of notches and a bit hard to ignite into a fervent state. 

The positive bias remains mostly unchanged at the moment and might keep gold from falling too low.

Interim supports are at 1252, 1247.50 & 1236.50 and minor supports at 1254.80, 1239.30 & 1228.

Interim resistances are at 1271, 1288 & 1309 and minor resistances are at 1272.70, 1278.30 & 1291.40.

The daily/weekly trend changer points are at 1237.40/1287.15.

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Gold Trends (27 July 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are back into the overbought zone as it somehow managed to pull itself back into the zone and put itself back in contention. 

However, holding and closing above the 1260’s is key for more upside forays. 

Slightly problematic situation is that it is tending so near to the ceiling that, there might not be sufficient space for it to continue pushing higher indefinitely unless gold managed to closely daily above the 1260’s for a week but without new highs made, then the indicator would have resynchronised and good for another stab higher after that. 

The medium term trending indicators shrugged off earlier weakness since in the previous session and now looking right as rain again and could possibly push towards the previous peak if gold led the way and pushed higher still, possibly with 1280’s as the target. 

The long term directional indicators performed a fillip and now pushing against the top of the channel while the indicator is again widening the gap to the bottom of the channel. 

The channel desperately needs to be widened or else, gold may continue flicking up and down as it pleases, making it difficult to hold on to any position meaningfully, unless one doesn’t mind being whipsaw. 

The momentum/volatility indicators are certainly erratic right now, languishing nearer to the lower end, and possibly, easily manipulated as there are no thick wads of orders capping the market either direction and still tens of rungs away from the hot zone. 

The positive bias held stiffly and started opening back wider over the previous session but not too widely such that the bias will be difficult to be closed and reverse it if the market favoured that.

Interim supports are at 1251, 1248.50 & 1238.50 and minor supports at 1239.30, 1228 & 1219.40.

Interim resistances are at 1249, 1260 & 1289 and minor resistances are at 1268.30, 1277.30 & 1280.40.

The daily/weekly trend changer points are at 1232.20/1287.15.

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Gold Trends (26 July 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are cutting down from near the top with the leading indicator trying to anchor itself beneath the overbought zone and if it’s successful, then, it will bring the other indicator under as well. 

With a cursory view of all the other indicators, these indicators if by itself, could bring gold for a nice ride lower targeting at least 1220’s for now. 

The medium term trending indicators are at the most, 2 days away from cutting across and heading lower after that.  

However, gold is not immune to adverse news or events that have a major impact and could easily be coerced to push back higher if such events happen. 

The long term directional indicators are levelling off at a slight quicker pace and the distance between the indicator and the channel is narrowing but no danger of it clashing before the week is out. 

All gold needs to do is hold the 1240’s for the next few days and surviving that, gold could be pushing nearer the recent highs next week. 

The momentum/volatility indicators are nose diving at a steep angle and hard to drive the market too far in any particular direction at the moment. 

The positive bias is also narrowing somewhat urgently but the prospect of turning negative is unlikely within the next 2 days. 

Gold needs to clear and close above the 1260’s by 1 August or a natural forming barrier, to analogise, a ceiling if you may, will be overhead, making it difficult to crash through that, for at least a month after that.

Interim supports are at 1243.50, 1235 & 1228 and minor supports at 1239.30, 1228 & 1219.40.

Interim resistances are at 1249, 1260 & 1289 and minor resistances are at 1251.70, 1268.30 & 1277.30.

The daily/weekly trend changer points are at 1227.10/1287.15.

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Gold Trends (25 July 2017) - Updates of Mib Agenti

In the daily charts, with gold being unsuccessful securing new highs, the short term directional indicators have cut across at the top and likely to turn back and head lower soon. 

At the moment it is still above the overbought zone and the generated signal can be overturned if gold breaks above 1260 and closes above it. 

The medium term trending indicators are seeing the slightest hint of levelling off, but if gold secures the 1250’s and closing above that, over the next 2 days, then it’s just some resynchronisation at the moment and possibility we push towards the recent highs again. 

The long term directional indicators are still pointing northerly but the top of the channel is slow in its ascent and this is impeding gold from rushing too high and too quickly. 

If there is too much pain to continue pushing higher, the market might just tire itself out and start trying the other way once frustration sets in. 

The momentum/volatility indicators are receding again by 2 notches and it can clearly been seen in the price action and the tiny ranges, it’s torturous trading under such conditions. 

The positive bias are getting narrower again and if there is a play to push it back to the other direction, then, it might likely be able to ward off the attack for at least 2 days before it succumbs, if at all. 

For now, gold looks like it will continue in range bound trade while it awaits the next major news to come.

Interim supports are at 1249, 1240.50 & 1236 and minor supports at 1239.30, 1228 & 1219.40.

Interim resistances are at 1265, 1286.50 & 1289.50 and minor resistances are at 1268.30, 1277 & 1280.30.

The daily/weekly trend changer points are at 1222.75/1287.15.

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Gold Trends (24 July 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are well into the overbought zone and for the first time in more than a week, it has finally shown a little weariness as tapering has started and levelling off could be the next order of business. 

However, gold needs to continue pushing higher and higher to avoid the inevitable. 

It will be good if gold manages to push above 1260 and closes above that or else, the indicators will look heavy laden and tempted to break back under the overbought zone which could mean that gold remain weaker thereafter, for a week or two. 

The medium term trending indicators are looking still primed for seeking to at least, test back to the previous peak, probably in the next three days this could be achieved.  

However, gold must consistently close above the 1250 for the next few days or the attempt, could be in trouble.  

Trading below the 1250 but closing back above, does not invalidate the trend for now but closing below, could lead to that on successive closings below that. 

The long term directional indicators are drawing a nice channel but it is stiffly turned upwards and newly birthed direction could mean a longer shelf life for the trend. 

However, gold is pushing right at the top of the channel and hard to make too much headway, has become a victim of its own success. 

So, we need some major news to catalyse gold to break out, well and above the channel and turn it into a runaway market. 

Otherwise, we will continue as we have for the past week, a labourious climb hither. 

The momentum/volatility indicators are recovering very well, almost a 50% recovery so far but still far away from turning red hot any time soon. 

The positive bias has stopped widening and levelled off since the past session, taking a breather from the hectic and forceful action of the previous week. 

Since the bias is not a lot wider, it could be demolished with 3 good days of selling if profit takers start their action early.

Interim supports are at 1249.50, 1242.50 & 1237 and minor supports at 1239.30, 1228 & 1219.40.

Interim resistances are at 1264, 1287 & 1290 and minor resistances are at 1268.30, 1277 & 1280.30.

The daily/weekly trend changer points are at 1217.85/1287.15.

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Gold Trends (21 July 2017) - Updates of Mib Agenti

I was having net issues yesterday and only just fixed it. So, there it goes, in the daily charts, the short term directional indicators have pushed right into the overbought zone.

It has to make the best out of this effort or risk having the move crumbling upon itself the minute it starts wavering. 

If it decides to continue running higher, then, at the earliest, it will be 3 more days before it smacks right into the ceiling and the going will get tough as every new high will be labourious after that. 

The medium term trending indicators are doing very well as it took out the parity line with ease and it could be another week before it nears the peak of the previous high. 

From where it is now, the move looks sustainable for at least 1 more week and 1290 could be targeted. 

So new highs must be made constantly and not drift too low at the closing, in order for the indicator to continue looking positive. 

Lo and behold, the long term directional indicators are cutting below the channel and upwards bearing. 

The only negative is that, gold is already hitting the top of the channel which could impede gold from rushing up too quickly and a good thing that the confirmation is freshly etched, meaning that gold could remain buoyant for at least a week or two. 

The momentum/volatility indicators dribbled to almost zero but recovered by 3 notches since. 

It will be good if it were able to continue building up on it and push back into the hot zone and give the shorters, a run for their lives. 

The positive bias is growing just a little wider and has not yet opened a formidable lead. So in the face of adverse news, the bias could easily crumble back down and turned the other way.

Interim supports are at 1246.50, 1242 & 1235 and minor supports at 1239.30, 1228 & 1219.40.

Interim resistances are at 1255, 1289 & 1307 and minor resistances are at 1268.30, 1277 & 1280.30.

The daily/weekly trend changer points are at 1213.65/1290.60.

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Gold Trends (19 July 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are nearing the 74% level now and with one arm successfully already in the overbought zone ad clinging tenaciously while waiting for the other to also come into the zone and hopefully that is when the fun begins. 

However the idling gold, that is, no new highs were made, is not an encouraging scenario for gold to run excessively, even if the indicators confirmed both arms are in the zone, unless per chance, something major had occurred. 

The medium term trending indicators are taking on the parity line like catching the bull by its horns, a formidable task as it tries to gore its way through the line but so far. 

No weakness and fatigue seen so far and gold could be set to test back to at least 1275. 

So far only half of it has crossed the parity line while the other half is still pushing higher and maybe a day away from attempting it. 

If nothing unforeseen happens, then the parity line should be easily conquered. 

The long term directional indicators are almost cutting below the lower channel and having a kissy time and needs gold to close above 1248 at today’s closing, to confirm the cutting below. 

The only minus is, gold is already pushing on the top channel and a great discourager for fresh buyers as, the market be over just as they created their position and they get whipped in the noisy market. 

The momentum/volatility indicators declined so quickly that it is just mere seconds from hitting the bottom. 

The positive bias retracted earlier on in the day but started widening up a little again after the early fixing as it tries to set the bias in cement, so we can get more distance in this run up.

Interim supports are at 1233.50, 1227.50 & 1214 and minor supports at 1228, 1219.40 & 1212.60.

Interim resistances are at 1246.50, 1249.50 & 1288.50 and minor resistances are at 1242, 1251.70 & 1268.30.

The daily/weekly trend changer points are at 1208.55/1290.60.

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