Monday, May 3, 2021

Gold Trends (03 May 2021) - Updates of Mib Agenti

 


Charts - excerpts from tradingview.com

The 15 mins charts are mildly positive and the target is $1813 with technicals at high-mid levels but not rising quickly, might attract profit takers here. Its reaffirmed if pushed above $1794 by NY Open. To sway it to negativity needs firm selling to keep it below $1762 and the target switches to $1745.

The hourly charts are positive and the target is $1835 with technicals at mid-high levels, so has room to run higher if it desired but lacks volatility. Its revitalised if kept above $1806 by London p.m. fix. To weigh on it and turn it negative needs it sold and subdued below $1755 and the target is $1733.

Do watch the global markets for your next clues.


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