Wednesday, May 5, 2021

Gold Trends (05 May 2021) - Updates of Mib Agenti

 


Charts - excerpts from tradingview.com

The 15 mins charts are freshly positive but looking a tad heavy. The target is $1812 with technicals just below mid-levels and needs fresh buying to lift it above $1793 by NY open to revitalise it. To drag it back to negativity needs it to be sold and kept below $1754 and the target shifts to $1733.

The hourly charts are faintly negative and the target is $1720 and the technicals at mid-levels as time decay is wearing it down. It has to be suppressed below $1741 by London p.m. fix for reaffirmation. To sling it back to positivity needs it to be bought and pinned above $1803 and the target is $1827.

Do watch the global markets for your next clues.

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