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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