Wednesday, May 12, 2021

Gold Trends (12 May 2021) - Updates of Mib Agenti

 


Charts - excerpts from tradingview.com

The 15 mins charts are barely positive and the target ought to be $1873 with the technicals at mid-low levels and backsliding, its degrading. Pinning it above $1853 by NY open to resurects it. To usher it to negativity needs firm selling pressure and subdue it below $1820 and the target shifts to $1798.

The hourly charts are newly positive from time decay with the target $1895 and the technicals are at mid-high levels, but not rising, feels lethargic here. Its revitalised if kept above $1864 by London p.m. fix. To force it to negativity needs it to be sold and suppressed below $1811 and the target is $1786.

Do watch the global markets for your next clues.

No comments: