Friday, May 7, 2021

Gold Trends (06 May 2021) - Updates of Mib Agenti

 


Charts - excerpts from tradingview.com

The 15 mins charts are negative and the target is $1761 with technicals at mid-levels with ample room but without any follow through, its wedged in here. Its reaffirmed if kept below $1776 by NY Open. To pull it to positivity, needs it to be bought and hung above $1806 and the target is $1828.

The hourly charts are positive but retreating, with a target of $1841 and technicals just above mid-high levels but decay is creeping in and needs buying to send it above $1817 by London p.m. fix to revitalise it. To pull it to negativity needs it sold and subdued below $1756 and the target is $1740.

Do watch the global markets for your next clues.

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