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.

Get Gold Trading Chat (Android), excerpts from there

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.

Get Gold Trading Chat (Android), excerpts from there

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.

Get Gold Trading Chat (Android), excerpts from there

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.

Get Gold Trading Chat (Android), excerpts from there

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.

Get Gold Trading Chat (Android), excerpts from there

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.

Get Gold Trading Chat (Android), excerpts from there

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.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators are speeding up too much without a corresponding action in gold. 

It has reached almost to the 68% level now and may be pushing on the overbought region by Thursday only if gold still remains cautiously on the higher side, or at least hold above 1235. 

The medium term trending indicators are opening up its pace in this ascent and at least one of the appendages will be initially testing the parity line, with the other at least 2 days away. 

Before being able to successfully subdue the parity line, usually it will face some friction in the attempt, like trying to break the ice surface to catch your breath. 

Success is not an option and failure condemns gold to being beaten back to whence it came and could be a painful thing if caught on the wrong side. 

The long term directional indicators are not ready to pick sides yet as, having just cancelled off the down trend and the new trend will emerge most probably at the starting of next week. 

Right now, it is sitting smack right in the middle of the channel and will take news of major impact to help it break out of the channel which is upwards slanted. 

Gold is pressing right at the top of the channel and higher ground may take longer to push through with gains retarded unless some catalyst helps push it higher. 

A closing above 1260 will probably help the new trend come into being but this must be achieved in this week. 

The momentum/volatility indicators are declining rapidly as more and more shorts are unwinding their positions so this makes for edgy trading until the momentum builds up to warrant longer term positions to be held. 

The bias is at equilibrium, the indicators are at meshed together but from the price action this week, under normal circumstances, there should be some follow through action and a move into the positive region is a reasonable expectation.

Interim supports are at 1233, 1227.50 & 1222.50 and minor supports at 1228, 1219.40 & 1212.60.

Interim resistances are at 1244.50, 1249 & 1288 and minor resistances are at 1242, 1251.70 & 1268.30.

The daily/weekly trend changer points are at 1206.25/1290.60.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts the short term directional indicators have risen back to the 50% mark now. 

Carrying gold on its back, gold has benefited and climbed higher but a pity, not in rhythm with the indicators. 

For now, this indicator looks keen to at least trying the overbought region and this could mean gold testing back to the 1260’s at the least. 

The medium term trending indicators are really pulling up very quickly and recovered by more than 50% back towards the parity line. 

If it doesn’t slow down the rate of ascent, we could be trying the parity line as early as Wednesday and that might translate to gold level of around 1252 where a closing above this level, signals that gold will likely be spending more time nearer the highs preceding that. 

Gold must close above 1235 today in order to speed it higher for the rest of the week. 

The long term directional indicators were negated at Friday’s closing and gold will need to find its own for a little while till the new direction emerges. 

If gold continues climbing will help in the new direction emerge more quickly and it side winds, then it will drag on for a prolonged period. 

The momentum/volatility indicators are driven lower as short-covering on the back of the rising prices are helping remove volatility quickly. 

The negative bias pulled a lot nearer and a good possibility that the bias could turn back to the positive side this week. 

In order to do that, gold needs to move quickly higher but even 1260’s might not do the trick if it turned out to be slow moving.

Interim supports are at 1226.50, 1221 & 1213 and minor supports at 1228.80, 1219.4 0 & 1212.60.

Interim resistances are at 1239, 1243 & 1248 and minor resistances are at 1238, 1251.70 & 1268.30.

The daily/weekly trend changer points are at 1205.00/1290.60.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators are now pushing towards the 50% mark. 

Under normal circumstances, gold should already be pushing towards at least 1235 level or higher towards the week’s closing. 

If that’s achieved, then possibly we may see a yearning and rearing higher too with the 1250’s in sight. 

The medium term trending indicators are nicely following in line with a steep angle of recovery. 

This should help set gold up to head to at least 1240 and if that is secured, then a run towards 1258. 

The long term directional indicators are just a day away from negated and all hinges on today’s closing at 1230 or higher. 

The momentum/volatility indicators are increasing again and gone up 2 notches but still 2 days away from entering the hot zone. 

The negative bias narrowed by just a tad and brushing off the $10+ rally seen earlier and not in danger of being push off the scale back into the positive zone too soon. 

It will take a lot more work before it finally succumbs and slips away.

Interim supports are at 1221.50, 1212 & 1206 and minor supports at 1224.10, 1215 & 1208.80.

Interim resistances are at 1230, 1241 & 1250.50 and minor resistances are at 1231.40, 1238 & 1251.70.

The daily/weekly trend changer points are at 1233.85/1294.20.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators have risen back to the 40% mark now but we are not seeing a similar action in gold. 

This could potentially turn out to be a resynchronization process, as, in their earlier run lower, there was little room left, to press it lower. 

Now that it has recovered some height and creating the necessary space, makes the job of pushing to 1200 or maybe even breaking it, so much more the easier. 

You are going to be more successful chopping a board swinging down above your head compared to chopping down on it, a mere few inches away from the board. 

The medium term trending indicators are continuing higher as well in a V-shape recovery and at a steep angle, if it continues thus, could mean the testing of at least 1240 before hitting the parity line. 

The long term directional indicators have levelled off and in fact trying to arch back higher and try to bring into collision, the directional line against the channel and hopefully to engulf it, extinguishing the weakness in a puff as it recalibrates, usually taking a week or two before the new direction emerges. 

The momentum/volatility indicators are trying to stabilize the declining impetus and holding steady for now. 

Being near to the hot zone, it is easy to pump up the volume if it so desired and turn on the after burners to full throttle. 

The negative bias started opening up wider, from yesterday’s session, ignoring the action seen in the other indicators. 

The gap is just too wide to be narrowed, and closed off in just 2 days and would news of devastation level to achieve that.

Interim supports are at 1212, 1209.50 & 1206.50 with minor supports at 1212.60, 1204.70 & 1200.10.

Interim resistances are at 1222.50, 1230 & 1240 with minor resistances at 1231.40, 1240.70 & 1251.70.

The daily/weekly trend changer points are at 1235.00/1294.20.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators are recovering well and nearing the 27% level now.  

A corresponding move is not observed in the gold and the 1220 was not overpowered in yesterday’s closing. 

So the recovery is not set on solid ground, like building a house on sand which could give way any moment, or the sand could harden and all will be fine. 

The medium term trending indicators have turned back upwards and cut across now. As it is freshly cut across, it needs at least a day or two in order solidify it. 

Coming off the lows and after having dropped from a great height, makes it an interesting play in the coming weeks as it first challenges the parity line and then the previous high peak.  

If it is taken all the way up back to the previous peak, could send gold back to test the recent highs near to the 1300. 

The long term directional indicators are trying to level off and kill off the current direction by bringing it into some consolidation. Gold must close above 1220 before it can successfully level off but needs gold to be a lot higher, at least 1240, in order to turn it into an uptrend. 

The momentum/volatility indicators are lowered down by 5 notches as the sellers have scaled back, watching the next major event or news, before deciding whether to renew its attack on the recent lows. 

The negative bias although narrowed a little from the previous session, the gap built up does not make it an easy target and will not be easily cowed.

Interim supports are at 1211.50, 1205.50 & 1205 with minor supports at 1212.60, 1204.70 & 1200.10.

Interim resistances are at 1222, 1228.50 & 1238 with minor resistances at 1221.70, 1231.40 & 1240.70.

The daily/weekly trend changer points are at 1238.40/1294.20

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators are cutting back upwards, leaning on testing higher after successfully defended gold from breaking out into the oversold region. 

Now that is done, it could see gold being ushered back northwards for the week but it must push higher forcefully or else, it is only some retracements in the offing in a resynchronisation process, not a full fledge recovery. 

The medium term trending indicators leveled off by a certain degree but in no way that the trend is under threat today, and at least 2 days are required, to push it over the line to the other side. 

If it is successful being pushed across, then, it could set gold up to be pushing back higher in a bigger run as the indicator is at such a low level with plenty of overhead room to push into. 

The long term directional indicators are pushing hard on the bottom of the channel but it is only giving way in small bits and pieces until the market is tired out. 

What could upset it is, gold pushes and closes above 1220 and that could set up a chain reaction that leads up to the negation of the current direction. 

If that doesn’t happen, then the down trend is intact and will continue to pressure the market lower, albeit nosily, not in a straight line. 

The momentum/volatility indicators stagnated in the previous session and stalling in its trajectory and if no breadth of fresh air comes into the market, more than likely the indicators will go into a freefall and interest in the market evaporates easily. The negative bias pulled a wee bit closer in the previous session and remains firmly entrenched for now. 

Possibly it needs gold to be closing nearer the 1260’s before it can be cancelled and turn the other way.

Interim supports are at 1204.50, 1201.50 & 1165 with minor supports at 1204, 1200.10 & 1190.60.

Interim resistances are at 1222, 1237.50 & 1247 with minor resistances at 1218.50, 1231.40 & 1238.

The daily/weekly trend changer points are at 1242.15/1294.20.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators are trying to force a turn here despite gold having come off early in the Asian hours, it resisted showing any weakness and this could propel gold back towards the 1220 in the day’s closing. 

However, it could well be the market trying to defend the utter and complete penetration of the oversold region and stem off any overpowering urge to run lower. 

The medium term trending indicators are bearing due south and having such a good sell off, is quick approaching a previous low point in this indicator, possibly achieved by the week’s closing. 

Once this is done and the conditions agree, could set gold up for some recovery time. 

The long term directional indicators are signalling that the pressure is still on and not in the least dwindling yet,  but due to a constricted channel slanted downwards, means that the decline is measured and painstakingly slow and noisy. 

This could work against itself as traders dare to only risk so much before calling it quits, especially when it becomes noisy. 

The momentum/volatility indicators are getting hot and toasty now and gold must hit when the iron is hot and give it a major shove to get it really going to obliterate any objections seen in all the other indicators. 

Any hesitation only erodes the momentum to continue building and set it on a retardation course. 

The negative bias has really opened up and it will not be easy to tip the scales back to the positive side for at least 2 more weeks.

Interim supports are at 1206.50, 1200.50 & 1165 with minor supports at 1205.50, 1200.10 & 1190.60.

Interim resistances are at 1223.50, 1228 & 1236.50 with minor resistances at 1218.50, 1231.40 & 1238.

The daily/weekly trend changer points are at 1246.35/1294.20.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators are just touching the oversold region and almost ready to make a push into it. 

If it attempts that, then at least make sure we get a good run out of it, not the feely touchy feeble attempts that will inevitably, keep the market on edge and choppy and be susceptible to flipping it back to the higher side. 

If the closing for the week is below 1210, then it sets itself up for more downside forays next week. 

The medium term trending indicators are left with the mouth agape and getting wider, just as gold achieved new recent lows. 

With that, we have a chance to try the 1200’s for now and at least 1180 further out. 

The prerequisite being, gold must consistently keep to the lower end and not close too far away from the lows for the next one week. 

Looking at its current level, if it suited, gold could continue to be weaker for at least another 2 more weeks. 

The long term directional indicators are still generating a strong signal but gold is caught tightly smack in the channel and seems to be having difficulty breaking out of it. 

So it can only move it down at a slower pace, skirting the bottom of the channel, which is downwards sloping. 

The momentum/volatility indicators are finally entered into the hot zone, so let see gold move in giant steps so that the indicator is not prematurely preempted. 

The negative bias started opening up again after lulling away yesterday and the peak is some time away still.

Interim supports are at 1210.50, 1205.50 & 1168 with minor supports at 1208.80, 1200.10 & 1190.60.

Interim resistances are at 1225.50, 1230 & 1241 with minor resistances at 1221.70, 1231.40 & 1238.

The daily/weekly trend changer points are at 1249.75/1296.00.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators are pressing just a little lower without an equivalent action in the price action, around the 24% level and just shy of reaching the oversold region. 

Seeing the gold keeping well above yesterday’s low just might one queasy, especially in the New York session, no attempts to try to get there which could result in some short covering, especially if it spears the 1230. 

The medium term trending indicators are leveling off now and it might be tempted to cut across and back towards the higher end in about 2 days’ time if no new lows are etched during the same period.  

To empower this indicator, would need gold to try at least 1215 and close below that in order to prolong the current move. 

The long term directional indicators are still exuding a strong signal but gold has hit the bottom of the channel and unable to break below it, means that it will, more than likely bounce back higher off it and have a go at the top of channel. 

However the gradient of the channel has narrowed the range considerably so either way, movements will be capped unless a major news or event in the market, catapults it out of the channel. 

The momentum/volatility indicators are just deliberating yesterday’s move, just shy of the hot zone. 

Without fresh lows, the indicators will only recede and in fact, it has pulled back by a notch and failing here, puts to waste the huge effort to bring it thus far. 

The negative bias narrowed just a little but the gap remains formidable and not easy be usurped any time soon.

Interim supports are at 1218, 1212 & 1208 with minor supports at 1218.40, 1208.80 & 1200.10.

Interim resistances are at 1232.50, 1241 & 1247.50 with minor resistances at 1231.40, 1238 & 1251.70.

The daily/weekly trend changer points are at 1251.85/1296.00.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators have dropped lower to around the 27% mark now with one leg just touching the oversold region. 

In a normal run, the indicator will probably be exhausted by the week’s ending but if there are good follow through selling, then the softness could precede into the following week, at least the first half but new daily lows must be made and the week’s closing below 1210 for that to happen. 

The medium term trending indicators are trundling happily along with its sight set on the 1200’s for now with still a week’s worth of downside play, if that’s what the market wanted to do and if gold does not close back above the 1238, which could negate the trend prematurely. 

The long term directional indicators are looking forceful and purposeful at the moment with only the slight problem that gold is coasting the bottom of the channel. 

If you do this for too long without breaking out, then everyone gets skirmish every time it pushes on the channel and bounces back, making one nervous and prematurely square off their shorts. 

So hopefully the players do not get overly frustrated and lose interest for now, as the trading is going to get more choppy with each new low conquered. 

The momentum/volatility indicators have now reached the tip of the boiling point and needs just that little bit of extra oomph, to tip over to the other side. 

Once that’s done, could set gold for a faster run lower and hopefully a sustained run as well. 

The negative bias continues widening further today and making it more difficult to stem the market from flowing lower or try to recover.

Interim supports are at 1216, 1212 & 1207 with minor supports at 1215, 1208.80 & 1200.10.

Interim resistances are at 1225.50, 1233.50 & 1238 with minor resistances at 1231.40, 1238 & 1251.70.

The daily/weekly trend changer points are at 1254.05/1296.00.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators descended to around the 35% level now and not very far off from the oversold region despite the nice run lower, and we visited lows not seen since May, much to the delight of people who needed to load up on the physical now in case the market turns back higher. 

The medium term trending indicators are looking abused and severely contorted but now that it is so, hopefully it adds on additional pressure so gold flows a lot lower and out of grasps of the recent range which were getting very stale. 

Gold definitely must gold lower, at least to the 1200’s, or else, it has the tendency to flip back higher especially if market stabilizes and no new lows are seen for 2 to 3 days. 

The long term directional indicators are freshly cutting now for the lower but it is pushing hard at the bottom of the channel. 

Hopefully it can break out of the channel as it is easy to lose motivation if one expends a lot of energy pushing at the bottom and it is so hard to break through, managing only to only meagerly push the lower channel just a notch or two lower, definitely not encouraging. 

The momentum/volatility indicators are getting loftier and almost reached the ignition point but alas, it’s a holiday in the US so activities are curtailed and the full effect of the market will not be felt. 

Hopefully market is able to pick up where it left off yesterday and push up the volatility so that the market enjoys a really good run and break out of the doldrums. 

The negative bias retracted a little today but the gap is too wide and not easy to be closed and converted in 1 day so even if gold refuses to break recent lows, it should remain on the softer side, preferably below 1230.

Interim supports are at 1219.50, 1212 & 1207 with minor supports at 1219.40, 1212.60 & 1205.50.

Interim resistances are at 1230, 1237.50 & 1242 with minor resistances at 1231.40, 1238 & 1251.70.

The daily/weekly trend changer points are at 1257.10/1296.00.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators are heading back lower around the 40% mark after a brief but necessary stint as it resynchronized itself before pushing lower. 

If it didn’t do that, then the run lower could have possibly be over and there is no bigger picture. 

The medium term trending indicators are now cutting lower as well but it must move decisively lower as every delay is going to give it a good reason to make a turning back towards a recovery. 

If it only challenged the previous bottom then maybe we will only get a low of around 1220. 

If a strong hand is seen, then, 1180 could even be targeted but the 1200’s remain a strong psychological barrier for now. 

The long term directional indicators are meshed up together without a clear winner with the price banging on the bottom of the channel, but having a hint of some chances for more lows to be tested. 

A good thing that it finally broke down below 1239, or else, we could see gold bouncing off this and testing the top of the channel the next day and a closing above 1240’s voids today’s move. 

The momentum/volatility indicators are going up by quite a few notches but not good enough to shove the market too strongly unless market thins so considerably that is like dropping a gold bar on tissue paper suspended in the air, hoping to catch it there. 

Only then, it will be easy to thrash the market because of zero opponents in the way to keep it from going where it wanted to go. 

The negative bias has started widening so it has become firmer the past few days and this should keep gold, continue keeping its head lowered.

Interim supports are at 1223, 1213.50 & 1208 with minor supports at 1219.40, 1212.60 & 1205.50.

Interim resistances are at 1235, 1244.50 & 1253.50 with minor resistances at 1231.40, 1238 & 1251.70.

The daily/weekly trend changer points are at 1257.10/1220.15.

Get Gold Trading Chat (Android), excerpts from there