Tuesday, May 11, 2021

Gold Trends (11 May 2021) - Updates of Mib Agenti

 

                                                Charts - excerpts from tradingview.com

The 15 mins charts are positive and the target is $1876 with technicals at mid-levels but feels tender and if drifts from the highs, it wavers and decays. Its re-energised if pushed above $1854 by NY Open. To drag it back to negativity needs it to be sold and suppressed below $1822 and the target is $1802.

The hourly charts are negative and the target is $1786 and the technicals at mid-levels but resolve is weakening and could be overrun. To get reinvigorated, needs to send it below $1822 by London p.m. fix. To pull it into positivity needs good buying to lift and pin it above $1867 and the target is $1893.

Do watch the global markets for your next clues.


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