Tuesday, May 4, 2021

Gold Trends (04 May 2021) - Updates of Mib Agenti

 


Charts - excerpts from tradingview.com

The 15 mins charts’ negativity is waning and the target is $1745 with technicals at mid-low levels and if it refuses to break lower, may trigger a reversal. To revitalise it, needs kept it below $1766 by NY open. To force it to positivity needs it to be bought and kept above $1797 and the target is $1818.

The hourly charts are negative and the target is $1730 with technicals at mid-high levels,  with room for lower but volatility is dwindling, underpins it. Its reaffirmed if it gets below $1758 by London p.m. fix. To shoot it to positivity needs firm buying to hang it above $1806 and the target resets to $1835.

Do watch the global markets for your next clues.

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