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

I copied the weekly charts instead of the daily so here goes anyway. 

In the weekly charts, the short term directional indicators careened on the overbought zone and turning back down now. 

However, it has not crossed over and remains unconfirmed at the moment. 

The confirmation will come in about 2 week’s time, if at all, but needs gold to be nearer to the 1200’s in order to do so. 

The medium term trending indicators are bullish but maybe peaking as the gap is narrowing between the 2 lines. 

If it confirms cutting down, could send gold spiralling to 1100 if it manages to get a good run on the signal generated. 

The long term directional indicators are beginning to level off a little but still far from being negated at the moment. 

However, if gold closes below 1230’s, the direction will be negated and consolidation could ensue. 

The momentum/volatility indicators are pathetic and remain totally uninspired. 

So unless there are some major occurrences, gold is unlikely to swing too wildly and ranges tight. 

The positive bias is slowly ebbing as the gap gets narrower gently but is still far from being over.

Interim supports are at 1257.50, 1249.50 & 1241.50 with minor supports at 1260.60, 1254.80 & 1239.30.

Interim resistances are at 1270.50, 1274.50 & 1291 with minor resistances at 1272.70, 1278.30 & 1291.40.

The daily/weekly trend changer points are at 1289.60/1238.45.

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

In the daily charts, the short term directional indicators are pushing nearer towards the oversold region and lulling around the 30% mark now. 

Gold needs to close below the 1255 level in order to draw out fresh selling, probably from long holders trying to get out with some profits better than writing losses.  

The medium term trending indicators are developing nicely and with one of the appendages just pushing on the parity line now and at least 2 days away from having both appendages testing the parity line. 

Having after testing the line, it may need to deliberate for a few days before it is known if it had successfully breached the line, like trying to break below the water surface. 

Once the breach is confirmed, gold could have a nice ride lower to at least 1240 in the very near term and low 1200's further out. 

The long term directional indicators are moving slightly faster than usual and the new directional maybe confirmed as early as next Monday if gold continues pushing and closing lower as it is very near to cutting and crossing over. 

However, often the indicators have been put in such compromising position without being compromised and took much longer to confirm than desired. 

The momentum/volatility indicators are pulled earthwards like a rock is tied to it as more players seem to be bailing out. 

The positive bias is nullified if gold closes near the low 1260's and we are waiting to see if the negative gap starts widening now.

Interim supports are at 1257, 1249.50 & 1244 with minor supports at 1260.60, 1254.80 & 1239.30.

Interim resistances are at 1272, 1276.50 & 1291 with minor resistances at 1268.30, 1272.70 & 1278.30.

The daily/weekly trend changer points are at 1291.50/1238.45.

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

In the daily charts, the short term directional indicators looks like it is trying to put on the brakes and have reached the 28% mark now. 

It is early yet and whether or not it is successful to stop the market suffering further softness, is not yet discernible. 

It will be at least another day that it can become more prominent and even if it were so, the confirmation will probably come at the week’s ending, if at all. 

The medium term trending indicators have almost reached the parity line now and lost 80% from the peak. 

The question now is not whether it will attempt the parity line but, whether or not the market has sufficient oomph to push and close below the parity line, and that will set it up for a renewed and invigorated attack at the lows, with 1180's the target for now. 

The long term directional indicators are just in the middle of the channel today, and slightly ahead in its schedule for a new direction to emerge. 

Moving thus, a new direction could be birthed as early as the middle of next week. 

The momentum/volatility indicators are flaccid and totally unmotivated at the moment as it drops another 3 notches today. 

The positive bias have eased tremendously and this is the smallest gap seen for the past 40 days and the closest chance of tipping it over to the negative territory by Friday, if gold continue to lose more ground.

Interim supports are at 1262, 1257.50 & 1249.50 with minor supports at 1260.60, 1254.80 & 1239.80.

Interim resistances are at 1273.50, 1278.50 & 1291 with minor resistances at 1268.30, 1272.70 & 1280.40.

The daily/weekly trend changer points are at 1293.50/1238.45.

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

In the daily charts, the short term directional indicators are pulled earthwards and almost reaching for the 40% mark soon. 

At the rate it is declining, we have a good chance that the indicator will at least push towards the oversold region by the end of the week and if it manages to hold it just there, then, we should see a good correction going into next week. 

The medium term trending indicators are pulling nearer the parity line but still at least 2 days away from coming near enough to test it. 

The decline seems relentless at the moment and it will be a little difficult to hold its own against these indicators. 

Usually, after challenging the parity line where we will see the market try to put up a fight here and if its unsuccessful, could see it pushing deep below the parity line and if gold follows suit, gold could try as low as 1180’s. 

The long term directional indicators are freshly cutting back into the channel and so, put an end to the recent rally. 

Gold at the quickest will need at least 10 days to work out the “sugar-rush” before the new direction emerges.  

The momentum/volatility indicators are waning and dropping back at least two notches and looking winded. 

Only fresh news bordering catastrophic, will again fill its sail and rush it along and anything of lesser mettle, will only give it a brief tickle.  

The positive bias managed to just hold from further self-degradation and in fact today, climbing just a little over in the positive territory.

Interim supports are at 1258.50, 1250 & 1243 with minor supports at 1256.50, 1239.30 & 1228.

Interim resistances are at 1277, 1281.50 & 1291.50 with minor resistances at 1268.30, 1273 & 1280.40.

The daily/weekly trend changer points are at 1294.85/1238.45.

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

In the daily charts, the short term directional indicators fought a tough fight but ended up losing the battle for now, at today’s opening in Asia. 

The indicators were manhandled lower to around the 50% mark now and once it’s set below the 50% level, we could see it pushing lower with at least an attempt, attacking the oversold zone.  

The medium term trending indicators are bearing down more southerly today and the earlier leveling off has been cured for now. 

It has given back 50% of its recent push above the parity line and now, zooming back towards it. 

The long term directional indicators are just a hair’s breadth from being confirmed going for some consolidation as it is pushing back into the channel. 

However, the confirmation will come only at today’s New York closing if it were at 1275 and below.  

The momentum/volatility indicators are picking up just by a notch and not yet at excitable levels. 

The positive bias narrowed tremendously in today’s session and with a good chance of finally being able to be converted. 

However until that happens, gold is easily swayed and revived back into pushing back higher and dialing deeper into the positive zone.

Interim supports are at 1258.50, 1250 & 1243 with minor supports at 1267.20, 1260.60 & 1254.80.

Interim resistances are at 1278, 1283 & 1291.50 with minor resistances at 1280.40, 1291.40 & 1305.90.

The daily/weekly trend changer points are at 1295.45/1238.45 with the daily being triggered in the morning.

Note : The play early in the Asian hours looked like a deliberate play to trigger the daily trend changer point and this was successfully done. 

Early in the wee hours, maybe you do not need a lot of ammunition to do that. 

Maybe all that are required, are just about 1,000 to 1,500 lots to push it $20 to kill off some plump stops with the rest of the world are still sleeping at that time.

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

In the daily charts, the short term directional indicators are touching the 60% mark now. 

If you look keenly enough, it looks like the market is attempting to hold it here and if it is successful, we could push nearer the 1290’s by today’s and week’s closing. 

If it managed to do that, that will confirm that low is seen in the very short term. 

The medium term trending indicators continue bearing downwards with the gentlest of leveling off seen here. 

However, the gradient is formidable and the current trend will be difficult to be overturned. 

It needs gold to trade towards 1320 and close there in order to force the market back into bull trend. 

That in itself will present its own danger as a divergence would have been formed and could force gold into a deeper correction later on. 

The long term directional indicators are closing the gap quickly now but it’s still not confirmed and gone back into the channel. 

All the market needs to manipulate it is to keep it above the 1283 at the closing and this indicator will continue looking good. It needs gold to trade and close below 1268 before there is a chance that it goes back into the channel and some consolidation would be in store. 

The momentum/volatility indicators started building up again overnight and hopefully, able to build it to a tumultuous crescendo and see gold trading into a new range. 

The positive bias narrowed a little but still firmly in the positive territory. It will definitely take some serious news to knock it out of contention.

Interim supports are at 1279.50, 1274.50 & 1255 with minor supports at 1278, 1270.60 & 1267.20.

Interim resistances are at 1283.50, 1292 & 1296.50 with minor resistances at 1291.40, 1305.90 & 1309.90.

The daily/weekly trend changer points are at 1265.20/1225.95.

Gold Trends (20 April 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have cut from above, back below the overbought zone and bearing down right now. 

It has now reached the 65% mark and plenty of exploratory room left, should it decide if it wanted to test lower. 

If it did, it could come to rest around the 1260’s level and the move could be spent and maybe recover from there. 

The medium term trending indicators are looking scarily going into a steep drop and if that happened in quick succession, without any dalliance around the 1250’s or 1260’s, could see gold pushing nearer the 1230’s by the middle of next week. 

The long term directional indicators are losing some inertia and if gold closed around the 1260’s today, could see the current upward trend being curtailed and maybe even subverted and go into a consolidation phase of around 2 weeks before it can set a new direction. 

The momentum/volatility indicators had quickly faded by a quarter over the past 2 days but can be easily re-ignited if fresh impetus comes into the markets. 

The positive bias’s gap reduced substantially overnight but a lot more is required to conquer the current bias. 

To cull it, would need gold to be at least nearer the 1200’s level.

Interim supports are at 1278.50, 1259.50 & 1248 with minor supports at 1278, 1270.60 & 1260.60.

Interim resistances are at 1292.50, 1295 & 1300 with minor resistances at 1291.40, 1305.90 & 1309.90.

The daily/weekly trend changer points are at 1262.55/1225.95.

Gold Trends (10 April 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have cut and turned down from the failed attempt to push it higher with gold well off the highs. 

Like it a not, a divergence have crept into the formation with some pressure from the top now but usually, the force is not so powerful in this indicator compared to the longer term indicators. 

To set it going, will need gold to be closing below 1248 today. 

The medium term trending indicators are gently easing off and not yet gone off the edge and turn into a drop. 

There is still good distance to the parity line and could give gold a good run lower if it suited.  

If this indicator is view in abstract, could mean gold testing back to at the least, 1180’s. 

However, realistically, the market is controlled by more than just 1 indicator. 

The long term directional indicators are entangled with each other and will take a week just to untangle and maybe another week before a new direction becomes apparent. 

The momentum/volatility indicators are just browbeating at the moment and do expect a lot of feints and difficult to be trading the markets for the next two weeks. 

The market will not get to where it wants to go in a clear smooth line and often be trapped in a restrained range. 

The positive bias retracted just by a little as the market clears its head over what to do next.

Interim supports are at 1244, 1240 & 1234.50 with minor supports at 1239.30, 1228 & 1218.40

Interim resistances are at 1259, 1271 & 1290 with minor resistances at 1268.30, 1277.30 & 291.40.

The daily/weekly trend changer points are at 1247.65/1214.

P.s. Mib Agenti will be away and back next week.

Gold Trends (07 April 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are pulling back higher from the 50% mark and averaging around the 60% mark now. 

Just as the Asian markets opened, news of a US airstrike on a Syrian airbase pushed the market up by more than $10 in about 10 minutes. 

The really helped to perk up the market and it has been days since the Asian traders got excited as the past month was more like a yawn. 

The medium term trending indicators are not fully convinced of this up move and will only be satisfied if at the closing, it was 1265 or higher. 

With that, a confirmed cut is in the offing and that may lead to gold pushing towards the 1290’s, our next target. 

The long term directional indicators are still enmeshed together, refusing to separate for now. 

Gold has to be trading at least 1270’s before they are able to clear of each other and the recent upward bias, can be resumed. 

Failure to do so, would lead to fresh consolidation lasting at least 2 weeks. 

The momentum/volatility indicators are up 3 notches so far today, pushing it further out is like skating on thin ice, that is, the foundation is not yet 100% solid and could face a danger of the ice cracking and could easily give back the gains. 

The positive bias has grown a lot wider since yesterday and could give some boost for gold to be testing just a tad higher but the momentum are not yet at levels where the move sustainable.

Interim supports are at 1263.50, 1253.50 & 1244 with minor supports at 1260.60, 1254.80 & 1239.30.

Interim resistances are at 1272, 1283 & 1291 with minor resistances at 1268.30, 1277.30 & 1291.40.

The daily/weekly trend changer points are at 1243.35/1204.85.

Gold Trends (06 April 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have somehow managed to cut back up again and repelling the momentary weakness seen now and then, like the rain sliding off a silicone glazed windscreen, like magic. 

At the moment it lays just around the 55% mark and ready to lunge higher, in case the market favoured having a push in that direction. 

It will have manageable space to push just a tad higher, maybe even surpassing the recent high by a bit. 

Even if it didn’t rush higher, it could cause gold to remain above the 1250’s with 1260 the choke level until some news moves the markets in a big way. 

The medium term trending indicators have lost its nerve early and resumed a softer stance for now. 

It was difficult to challenge the previous peak without looking like a divergence forming. 

Even with this last move, a tiny divergence is there for the trained eye. 

Whether the market capitalize on it is another matter. 

The long term directional indicators are in pause mode at the moment as it is not in the channel and would need gold to close above the 1265 before it starts looking positive again and fresh interest will develop and possibly pushing the market quite a bit higher. 

However, reining in the market is the to of the channel which is around 1263 today. 

The momentum/volatility indicators are horribly at low levels, not enough to spark anything within this week on its own. 

If at all, it needs some catalyst in order to get it going. 

The positive bias started opening up a little again as the market remains aimless, flitting from one end to the other end without real purpose or target.

Interim supports are at 1251, 1244 & 1236 with minor supports at 1239.40, 1228 & 1218.40.

Interim resistances are at 1259, 1267 & 1290 with minor resistances at 1268.30, 1277.30 & 1291.40

The daily/weekly trend changer points are at 1243.35/1204.85.

Gold Trends (05 April 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators strongly resisted being forced cutting back higher and so, the indicators did not confirm a cutting up for the higher. 

This now puts added pressure on gold to double back down. In its own tiny way, a miniscule divergence, if you would, just happened here. 

The medium term trending indicators have also unwound itself as it was twisted the other way round in the previous session and now, back to looking set for more downside forays. 

Sometimes the market needs to do this in order to resynchronise itself or the other indicators run out of room to make more headway too quickly and too soon, bringing about a premature ending to nicely wrought trend already in place. 

The long term directional indicators are mired within itself and if it remains within the channel, gold is not going to push too far just yet. It may take at least a week or two before a new directional emerges and gold could be trapped between 1240 to 1260 for now. 

However, I hope that will not be the case as that really drives interests out the door. 

The momentum/volatility indicators had a change of heart and are now retreating as quickly as it roared into some semblance of life yesterday. 

However, it is still a small gain as it lost 2 notches for the 3 notches gained. 

The positive bias is narrowing again but still a little too far apart to turn negative, at least for today.

Interim supports are at 1242, 1236 & 1234 with minor supports at 1239.40, 1228 & 1218.40.

Interim resistances are at 1250, 1258.50 & 1267 with minor resistances at 1251.70, 1268.30 & 1277.30.

The daily/weekly trend changer points are at 1242.20/1204.85.

Note : The daily point has crept up so high that can be easily breached now. Let’s hope market goes for that.

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

In the daily charts, the short term directional indicators are putting on the brakes sharply and it is just slightly above the 50% mark just as gold climbed back higher and test fresh highs. 

Although it is trying to cross back higher, only at the closing will determine if the attempt was successful or not and needs gold to be at least 1255 or higher. 

If it is sucked back lower to below 1250’s then, the attempt will probably be deemed as failed and double pressure on it for pushing back lower. 

The medium term trending indicators are also attempting a mid-air somersault as it is fighting strongly against the current to go the other way now. 

So the closing needs to be keenly watch before planning the next steps to be taking. 

The long term directional indicators are mixed now just as it has now gone back into the channel. 

Gold has been stuck here for the past 2 to 3 weeks looks set to be stuck for at least another week or 2 at the earliest. 

So gold will like be range bound and may not wander too far off from recent ranges, unless of course, there were major events or news, giving the market a shakeup. 

The momentum/volatility indicators surprisingly are showing fresh interest in the market as it picked up 3 notches from the previous session. 

The positive bias started opening wider again, with the bias deepening today.

Interim supports are at 1250, 1243.50 & 1238 with minor supports at 1254.80, 1239.30 & 1228.

Interim resistances are at 1260, 1269 & 1290.50 with minor resistances at 1268.30, 1277.30 & 1280.40.

The daily/weekly trend changer points are at 1239.10/1204.85.

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

In the daily charts, the short term directional indicators have come off to around the 45% level now. 

However gold did not follow closely to the movement of this indicator and remains stubbornly, clinging on to the higher side. 

If gold stays on the higher side for another 2 to 3 days, it could influence these indicators and coerce them to change paths by Wednesday or Thursday. 

The medium term trending indicators are pointing nicely lower and cascading down to the zero line if the gold remains on the softer side, by the end of the week. 

The long term directional indicators have cut back into the channel and this immediately stymies all zealousness and would keep the market in check and new ranges unlikely to be found. 

It may take the market around 2 weeks to work these out before a new direction emerges and so, more range bound type trading is likely to be offered, at least for this week. 

The momentum/volatility indicators are all easing back a gear or two, and likely with nothing really exciting to look forward in the immediate future. 

The positive bias is quickly closing the gap and could be pushed to being negative by Wednesday if gold trades and closes below 1238. 

Without any exciting news or events developing, gold price could be easily fatigued and traders preferring to keep away till there are something meaty going on and easier to pick up a dollar or two.

Interim supports are at 1240.50, 1236.50 & 1232 with minor supports at 1239.30, 1228 & 1218.40.

Interim resistances are at 1255.50, 1265 & 1289 with minor resistances at 1251.70, 1268.30 & 1277.30.

The daily/weekly trend changer points are at 1236.15/1204.85. 

The daily point is creeping higher, and quickly and could be in danger of being probed by Wednesday, even if gold remains teetered at 1250.