Friday, May 7, 2021

Gold Trends (07 May 2021) - Updates of Mib Agenti

 

Charts - excerpts from tradingview.com

The 15 mins charts are negative and the target is $1787 with technicals at mid-levels but volatility is ultra-low, contraring price action. It needs to be sent below $1805 to be reaffirmed by NY open, or it decays. To flip it to positivity, needs it chased and kept above $1835 and the target shifts to $1858.

The hourly charts are negative and the target is $1770 and technically coming off the highs, faster moving than price action and fixated around $1820. Its refreshed if kept below $1798 by London p.m. fix. To pull it to positivity needs good buying and pin it above $1846 and the target is $1880.

Do watch the global markets for your next clues.


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