Monday, May 17, 2021

Gold Trends (14 May 2021) - Updates of Mib Agenti

 


Charts - excerpts from tradingview.com

The 15 mins charts are newly negative and the target is $1796 with technicals at mid-levels contrary to price action. It needs strong selling to send it below $1814 by NY open to reinforce it, or it decays. To pull it up to positivity needs it to be bought and kept above $1848 and the target shifts to $1867.

The hourly charts positivity were revived and the target is $1888 and the technicals at mid-high levels. Without good volatilities it’s struggling, but rekindled if pinned above $1855 by London p.m. fix. To slam it to negativity needs gold to be sold and pressured below $1804 and the target is $1776.

Do watch the global markets for your next clues.

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