Gold Trends (30 December 2015) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are on the way lower at around the 40% mark now. 

The medium term trending indicators have just breached back under the parity line which will put gold on a soft footing into the new year. 

The long term directional indicators will not likely get its day in the sun anytime soon, with the prices there it is at right now. 

In the weekly charts, the short term directional indicators are still north bearing and may need gold to close below 1050 before it starts showing any weakness. 

The medium term trending indicator although it has crossed higher, can easily become unstuck and the soft bias prolonged. 

The long term directional indicator almost crossed back higher but it was expertly withheld from doing that and so the weakness will likely linger and new lows maybe had after the New Year.


The momentum/volatility indicators for both the daily/weekly are at ultra low levels and any attempts either way might not yield too much depth and definitely no capricorn effect this year.

Interim supports are at 1063.50, 1058.50 & 1046.50 with minor supports at 1030.80, 1023.80 & 1019.50.

Interim resistances are at 1075.50, 1079 & 1094 with minor resistances at 1074.10, 1084.80 & 1123.20. 

The daily/weekly trend changer points are at 1081.80/1125.25.

This is Mib Agenti's last report for 2015 and wishes A very Happy New Year to All. 
Wishing Everybody Very Good Health, Good Luck, Abundant Wealth & May All your Desires Come True in 2016.

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Gold Trends (29 December 2015) - Updates of Mib Agenti

The past few days, gold didn't have any significant highs attempted whilst positive bias were seen in most of the indicators. 

As a result of which, some of these indicators have started to look heavy and might weigh down on any chances gold might have had at stabbing higher. 

In the daily charts, the short term directional indicators gingerly missed touching and pushing through the overbought region such that, it is mid-way of turning lower again. 

The medium term trending indicators have pushed above the parity line but making nothing of it, there are indications it might want to turn back lower again. 

The long term directional indicators might actually have a chance to bring gold back well above 1100 if it manages to close above 1085 at the year's closing. 

Is it going to be another case of "a miss is a good as a mile"? 

The momentum/volatility here on looks like it's winding itself down for the year so if any moves comes, it will be erratic and likely be non sustainable.

Interim supports are at 1065, 1057.50 & 1048.50 with minor supports at 1030.80, 1023.80 & 1019.50.

Interim resistances are at 1076, 1082 & 1094 with minor resistances at 1074.10, 1084.80 & 1123.20.

The daily/weekly trending changer points are at 1082.50/1125.25. 

Note - the daily point has been descending and soon might have a chance to be triggered, provided gold doesn't drift too low.

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Gold Trends (23 December 2015) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are experiencing some friction at the higher end and receded somewhat but still maintains it's positive poise but drifting too low from 1070 might cause it to turn the other way. 

The medium term trending indicator is at the parity line and merely tickling it. A move higher can only be anticipated if it pulls above it convincingly. 

The long term directional indicator is in a lull state and the momentum/volatility indicator are at really low levels and the hum can barely be heard. 

In the weekly charts, the short term directional indicator has only begun on the upswing while the medium term trending indicator has become unstuck as gold is below 1075. The long term directional indicators still looks soft. 

The momentum/volatility indicators is dredging the bottom.

Interim supports are at 1067.50, 1051.50 & 1048 with minor supports at 1030.80, 1023.80 & 1023.80. 

Interim resistances are at 1083, 1119.50 & 1128.50 with minor resistances at 1074.10, 1084.80 & 1123.20.

The daily/weekly trend changer points are at 1085.50/1134.10.

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Gold Trends (22 December 2015) - Updates of Mib Agenti

In the daily, the short term directional indicator looks a tad more positive and about two thirds done and likely to propel it higher. 

The medium term trending indicators are testing parity. 

If we somehow managed to push above there, the whole mood changes totally and we maybe in for a more merry mood going into the year's closing. 

The long term directional indicators have gone into a comatose and will take some more time before it is able to sort itself out and a new directional discerned. In the weekly charts, the short term directional indicators are poised nicely and lifting off the lows and reached about 40% and still more room to ascend. 

The medium term trending indicators with gold above 1175 at the week's ending, portends to more firmness going into next week. 

The long term directional indicators remains negative and would take a herculean effort cancel it, let alone, turn it positive. 

The momentum/volatility indicators for the daily/weekly are both at low levels and unlikely to be zooming anywhere anytime soon.

Interim supports are at 1068.40, 1051.20 & 1043.90 and minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1084, 1120.70 & 1128.80 with minor resistances at 1084.80, 1123.20 & 1132. 

The daily/weekly trend changer point is at 1086.30/1134.10.

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Gold Trends (21 December 2015) - Updates of Mib Agenti

It's good to be back home and no travel envisaged the last 2 weeks of year - hurrah. 

In the daily charts, the short term directional indicators actually has a strong divergence forming on it when it dipped below 1050. 

It should hold it in good stead to poke higher over the next 2 weeks. 

The medium term trending indicators has an even stronger divergence. 

Finally, the long term directional indicators are being lulled into remission for now. 

The volatility/momentum indicators has little substance.In the weekly charts, the short term directional indicators has finally turned up for now and could be basis for gold to hold and remain firm hereon, lasting till January. 

Crucial psychological support at 1050, so as long as there isn't any closing under it, will continue to be a notable benchmark. 

The medium term trending indicators have almost crossed swords with each other and once it does, might see gold testing back to 1130. 

The long term directional indicators bearish bias have not beennullified yet and certainly make pushing too high very laboured and failure will see it drop like a rock.

Interim supports are at 1067, 1052.50 & 1048.50 with minor supports at 1030.80, 1023.80 & 1019.50. 

Interim resistances are at 1082, 1086.50 & 1113 with minor resistances at 1074.10, 1084.80 & 1123.20.

The daily/weekly trend changer points are at 1087.10/1134.10.

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Gold Trends (4 December 2015) - Updates of Mib Agenti

Gold has recovered nicely off the lows and hopefully the daily trend changer point, sitting pretty at 1081.70, is triggered today and some respite can be had from the lows for the remainder of the year. 

Let it not be another near-miss again as the whole year has only been filled with them. 

In the daily charts, the short term directional indicators righted itself and with the divergence in it, might just be sufficient fuel to propel it towards 1100. 

The medium term trending indicators is in the same direction as the former and looks set to have a nice rebound. 

The longer term directional indicators are almost colliding and with gold where it is, it might have crossed over now and the bearish bias will likely be nullified. 

The weekly charts are creatures of a different nature like it was in a time warp and times shape up accordingly at its own timing. 

The short term directional indicators has gone 30% deep into the oversold zone and hopefully with gold where it is, is sufficient to effect a recovery out of the zone. 

The medium term trending indicators remain staunchly negative while the longer term directional indicators look unmoved. 

It is only with today's closing that we can see the effect of the week's session next week, after it's set in stone. 

The momentum/volatility indicators in both intervals are still lacking oomph as it has not built up sufficiently to see any major move, either ways. 

Interim supports are at 1078.50, 1065.50 & 1052 with minor supports at 1070.40, 1030.80 & 1023.80. 

Interim resistances are at 1093, 1112.50 & 1117 with minor resistances at 1123.20, 1132 & 1142.20.

The weekly trend changer point is at 1166.85.

p.s. Mib Agenti is away for 2 weeks and may provide interim reports if time allows.


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Gold Trends (3 December 2015) - Updates of Mib Agenti

With the momentum/volatility indicators are barely audible levels, gold is frustrated and unable to push too far either ways. 

Gold was sold down below the psychological 1050 earlier, what some would deem as a false penetration and as a result, rebounded off there nicely. 

In the daily charts, the short term trending indicators look coiled up and congested and the current turning lower looks too forced. 

Failure to make it close below key 1050 may set it for some rebound later on. 

The medium term trending indicators also look artificially tweaked to look and feel softer. 

Any lack of a good follow through could send gold back towards 1085. 

The long term directional indicators had actually been more or less nullified but with the previous day's movement had reopened the trend again, albeit, just on the tenterhooks, that is, it might be on the verge of a new breakout if the gap widens.

The momentum/volatility indicator's mounting pressure is just on the verge of overrunning the floodgate, just a little more push (in this instance - downwards) could see it race towards 1000 in quick succession. 

Generally, in the weekly charts, everything is still looking on the soft side and the short term directional indicators has freshly penetrated the oversold region while the momentum/volatility indicators are merely murmuring and will need gold to quickly crack 1000 before it is turned on.

Interim supports are at 1047.50, 1037 & 1031.50 with minor supports at 1030.80, 1023.80 & 1019.50.

Interim resistances are at 1064.50, 1081.50 & 1090 with minor resistances at 1074.10, 1084.80 & 1123.20.


The daily/weekly trend changer points are at 1084/1166.85.


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Gold Trends (2 December 2015) - Updates of Mib Agenti

As news of CNY's inclusion in IMF's currency basket dissipates, the initial rush has now deadened and gold is back to previous lacklustre performance. 

In the daily charts, the short term directional indicators with the gold prices at such levels now, are trying hard to keep it's earlier edge with possibly as stiff an upper back as possible. 

With luck, a closing above 1065 will keep it looking positive. 

The medium term trending indicators looks a little heavy right now and if we lose holding recent lows, could see extend to 1030 at the least. 

On the other side, failure to crack the lows could also mean a long drawn divergence in the making. 

The long term directional indicators have mostly been smothered and corrections and some consolidation might ensue before the next direction becomes apparent. 

The volatility/momentum indicators are still muted and no indications that the softness has concluded.

Interim supports are at 1055, 1046 & 1039.50 with minor supports at 1030.80, 1023.80 & 1019.50. 

Interim resistances are at 1069, 1080 & 1094 with minor resistances at 1074.10, 1084.80 & 1123.20.


The daily/weekly trend changer points are at 1085.35/1116.85. A pity the high attempt yesterday didn't trigger off the daily point.

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Gold Trends (1 December 2015) - Updates of Mib Agenti

In the daily charts, the short term direction indicators fought back the weakness of the previous day and righted itself and back on track for gold to plod higher if it maintains above 1065 till the week's closing. 

The medium term trending indicators are showing more promise than it did just a day ago as the steepness of the gradient pushing it higher increased and does not look it is faltering now. 

The long term trending indicators have it's parachute brakes open and the move lower looks completed for now and usually, some recovery maybe the next order of things. 

In the weekly charts, the short term directional indicators had protruded briefly into the overdone zone and may take 3 weeks before it can stabilise or can the move complete. 

The medium term trending indicators' descent gradient is tapering a little and if it is able to fend the lows, might see it recover before long. 

The long term directional indicators are still bearing southwards and would take extreme efforts just to avert the softness and maybe 3 to 4 months time in order to do so.

The momentum/volatility indicators in both are still in an impotent state and prices may not run too wildly and move more measuredly.

Interim supports are at 1057.50, 1047.50 & 1040.50 with minor supports at 1030.80, 1023.80 & 1019.50.

Interim resistances are at 1070, 1084.50 & 1094 with minor 1170.20, 1177.20 & 1183.50.


The daily/weekly trend changer points are at 1086.05/1166.85.

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Gold Trends (30 November 2015) - Updates of Mib Agenti

In the daily charts, the short term directional indicators had almost crept into the overdone region but it didn't and only merely touched. 

In fact, if gold somehow manages to hold the lows, a divergence will likely form off this run and gold may firm up into the new month and likely into the new year too. 

The medium term trending indicators had attempted to cut and cross over to negative territory but it's still unconfirmed and if it refuses to yield, then it's a minor rebound may in order next. 

The long term directional indicators remains poised in the current direction for now and is easily curtailed if gold goes back and closes above 1075. 

The momentum/volatility indicators are staggering as gold's decline is temporarily halted and will quickly turn flaccid if it recovers back above 1080.

Interim supports are at 1053.50, 1040 & 1020.50 with minor supports at 1030.80, 1023.80 & 1019.50.


Interim resistances are at 1068, 1086 & 1091 with minor resistances at 1074.10, 1084.80 & 1123

The daily/weekly trend changer points are at 1086.70/1166.85.

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Gold Trends (27 November 2015) - Updates of Mib Agenti

Gold has consistently been failing to capture strategic resistance levels throughout the year and no wonder. 

The dearth of any positive news/outlook severely and effectively puts a lid on such attempts despite the sometimes all green is given. 

In the dailies, the short term directional indicators had risen nicely to the 35% mark but pressured lower thereafter and resting at the tip of the overdone zone. 

The next level that might lend some support is the psychological 1050 and this needs to be thrashed or there might be a divergence forming in the short term directional indicator. 

The medium term trending indicator, although it is northwards pointing but the gradient has almost started to turn and failure to wrestle it lower in the next week might set it up for some rebound next week. 

The long term directional indicators continue to indicate more weakness if gold recovers back to 1070, then temporarily, the signal is negated. 

The momentum/volatility indicators has picked up but a sustained move is required to keep it moving and build up critical mass and hopefully we get to see blow out volumes and bargains maybe had then.

Interim supports are at 1050, 1045 & 1041 with minor supports at 1030.80, 1023.80 & 1019.50. 

Interim resistances are at 1062.50, 1072 & 1082 with minor resistances at 1074.10, 1084.80 & 1123.

The daily/weekly trend changer points are at 1087.40/1176.80. The daily point was triggered yesterday and paved the way for lows seen today.

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Gold Trends (16 November 2015) - Updates of Mib Agenti

Gold opened in Asia markedly higher from where New York had closed and for good reason. 

It had almost triggered the daily trend changer point sitting just at 1099.50 for today and had it done so, gold will be all the more firmer for it, for at least this week. 

In the dailies, the short term directional indicators have recovered to favourable territory, i.e., no more soft looking with a mild chance of pushing higher. 

The medium term trending indicator has firmed up nicely and if all goes well, the bottom will now be limited and we may try above 1100 later this week. 

The long term directional indicators have almost put on the brakes for further softening and needs gold to move just above 1100 to achieve direction cancellation. 

In the weeklies, the short term directional indicators are trying to defy gravitational pull and attempt to push the other direction with a feeble attempt at the moment. 

It will gather more strength if gold holds and closes nearer the higher end of the daily ranges and ideal if it pulls back above 1110. 

The medium term trending indicators are still southward bearing and the long term directional indicators are looking closer to almost being triggered and continue to pressurise gold.

Interim supports are at 1076.50, 1065.50 & 1057.50 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1092, 1094.50 & 1107.50 with minor resistances at 1123.20, 1132 & 1142.20. 

The weekly trend changer point is at 1183.95,

p.s. Mib Agenti is away and only returning 27th November.

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Gold Trends (13 November 2015) - Updates of Mib Agenti

The sudden dip seen yesterday has more or less put some of the indicators in the daily charts in a better position. 

The short term directional indicators has crept back higher and so lesser downwards pressure. 

It is like swimming underwater and almost of breaking the surface, into neutral territory with some upside bias and so, able to catch your breath. 

Once broken, it will have an easier time. 

The medium term trending indicators benefited the most from yesterday's move as it has nicely crossed over now and gold might recover back towards 1110 if the closing is above 1095 tonight. 

The longer term directional indicators' run lower has almost been killed off and some consolidation will ensue. 

The momentum/volatility indicators had only gone into the first gear but being set back to neutral when it stopped running lower. 

In the weekly charts, the short directional indicators are about 60% done and softness might be observed for another few more weeks. 

The medium term trending indicators might keep the sentiment depressed for at least 2 months. 

The long term directional indicators are nowhere near of giving the market any hints.

Initial supports are at 1077, 1072 & 1068 with minor supports at 1070.40, 1030.80 & 1023.80.

Initial resistances are at 1094.50, 1117 & 1124 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1105.80/1188.55.

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Gold Trends (12 November 2015) - Updates of Mib Agenti

In the dailies, the short term directional indicators have bottomed and crossed over and poised for some firmness in the next few sessions ahead.  

The medium term trending indicators are showing similar signs but it has not crossed over yet so it is like wet clay, can still be moulded according to the potter's hand. 

The long term directional indicators are southwards bearing but may reach the end of this run if we do not break below 1080. 

The momentum/volatility indicators are receding and may not have sufficient fuel left to force it lower. 

In the weeklies, the short term directional indicators are 60% done and if it so desires, gold may feel pressured for at least 3 more weeks at best. 

The medium term trending indicators is still young in this rundown, only about 20% done but it may not be able to make too much of it as the momentum/volatility indicators are too low to maintain a sustained move lower. 

The long term directional indicators have not come into being and still doodling. 

Interim supports are at 1084.50, 1079.50 & 1070 with minor supports at 1070.40, 1030.80 & 1023.80.
Interim resistances are at 1095, 1100.50 & 1125 with minor resistances at 1123.20, 1132 & 1142.20. 

The daily/weekly trend changer points are at 1113.70/1188.55.

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Gold Trends (11 November 2015) - Updates of Mib Agenti

A very Happy Diwali to all celebrants. 

In the dailies, without new lows seen, the short term directional indicators although in the oversold region, have begun to fend off continuing looking soft with a slight tinge of turning itself round. 

If by week's ending if no fresh lows are seen, then the turn around would be on a firmer posture. 

In the medium trending indicators, a turn around is being engineered as well but it is early yet to indicate if its successful or not. 

The longer term directional indicators with a soft bias, maybe negated as early as the week's closing unless it tries and close nearer the 1170's. 

In the weeklies, the short term directional indicators are at the 50% mark and has room to see it lower. 

However the momentum/volatility indicators are too low and maybe a feeble stab lower, if at all. 

The medium term trending indicators have crossed below the parity line suggesting weeks of weakness ahead - maybe at least 2 months. 

The longer term directional indicators are still mulling the next move.

Interim supports are at 1080, 1070.50 & 1068.50 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1104, 1107 & 1125.50 with minor resistances at 1123.20, 1132 & 1142.20. 

The daily/weekly trend changer points are at 1121.20/1188.55.

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Gold Trends (05 November 2015) - Updates of Mib Agenti

The weekly trend changer point which is at 1101.50 is almost within grasp from being triggered on this good run lower. 

If that happened then the daily/monthly are already on the same side 1160/1190.70, gold will begin to feel really dense and crumble upon itself. 

In the dailies, the short term directional indicator is oversold and dredging the bottom, maybe we will find a gem or two. 

The medium term trending indicator has transversed 86% of the length of the previous rise. 

With these 2 indicators thus, a push lower will be hard fought as they are technically low and may put on the brakes of this move, albeit for now, it remains under pressure for now. 

The long term directional indicators have run about 50% of this move and will take fresh leads from the former 2 indicators mentioned. 

In the weeklies, the short term directional indicators have given back 40% of the upmove. 

The medium term trending indicators are below parity and so a bearish bias is seen but this is only confirmed if the week's ending are below 1115.

Interim supports are at 1102, 1098.50 & 1083 with minor supports at 1103.50, 1070.40 & 1030.80.

Interim resistances are at 1112.70, 1119.70 & 1129.50 with minor resistances at 1123.20, 1132 & 1142.20.

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p.s. Mib Agenti will be away and back next Wednesday 11th November 2015.

Gold Trends (04 November 2015) - Updates of Mib Agenti

In the dailies, the short term directional indicators are in the oversold region. 

The medium term trending indicator is nicely three quarters way down and 1090 beckons with a real possibility of reaching this week itself if gold maintains below 1125 or closes below 1115. 

However, potency will be lost if it moves back above 1125. The longer term directional indicator marches lower unimpeded. 

In the weeklies, the short term directional indicator is almost at the half-way mark. 

The medium term trending indicator is southward bearing and protruded just below the parity line putting it's weight on it and the weekly closing must be below 1115 before being considered thus. 

The longer term directional indicator is still seeking it's path and may take a couple of months before finding it's course.

Interim supports are at 1111.50, 1109 & 1102.50 with minor supports at 1103.50, 1070.40 & 1030.80.

Interim resistances are at 1124, 1129 & 1138 with minor resistances at 1123.20, 1132 & 1142.20. 

The daily/weekly trend changer points are at 1168.80/1101.50.

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Gold Trends (03 November 2015) - Updates of Mib Agenti

In the dailies, the short term directional indicators are coming into the over sold region now and reading on it's own, gold might test to 1118 before the end of the road. 

The medium term trending indicators are gaily heading lower and no signs of trend fatigue and declines might extend for another 2 more weeks. 

The longer term directional indicators have just been confirmed and would require considerable time (or dire news) to alleviate the current weakness. 

In the weeklies, the short directional indicators has just come a quarter way down and so there is another three quarters of the length of it for coming lower. 

The medium term trending indicators will begin threatening the parity line if gold remains below the 1130 at the week's closing. 

The possible reading of the long term directional indicators possibly shows that ranges might have already been pre-set, that is, it might not overshoot this year's low as it is still trying to re-align it's sensitivity to the current market. 

Interim supports are at 1126.50, 1107.50 & 1113 with minor supports at 1124.40, 1118 & 1103.50.

Interim resistances are at 1145, 1150 & 1152.50 with minor resistances at 1132, 1142.20 1157.

The daily/weekly trend changer points are at 1176.20/1101.50.

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Gold Trends (02 November 2015) - Updates of Mib Agenti

In my absence, gold tried valiantly at the upper resistance around 1200 but failed miserably when facing the monthly trend changer point 1192.35. 

Had it triggered that point, then in the much longer term, gold would have found its legs against recent weakness seen in the past few years. 

In the dailies, the short term directional indicators have almost come into the overbought region. 

The medium term trending indicators suggest that more softness might follow and a target around 1090 is a possibility. 

The longer term directional indicator has also now turned downwards and might add on extra pressure. 

In the weeklies, the short term directional indicators are newly minted and southerly bearing. 

The medium trending indicators are struggling to hold the parity line but may succumb from pressures from a few sources. 

The longer term trending indicators which were mildly positive 3 weeks back have now been neutralised.

Interim supports are at 1131, 1126 & 1108 with minor supports at 1130.60, 1128.30 & 1118. 

Interim resistances are at 1145, 1149.50 & 1152 with minor resistances at 1142.20, 1157 & 1166.50.

The daily/weekly trend changer points are at 1181.10/1101.50.

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Gold Trends (12 October 2015) - Updates of Mib Agenti

Happy Holidays. Gold is firmer albeit on the quieter side as traders tried hunting for stops above the 1160's but the attempt fell shy of the resistance 1170.20, where very likely most of stops are placed. 

In the dailies, the short term directional indicators are pushing against the "ceiling" and if it doesn't go higher in the next 2 days, then gold might be pressured back lower. 

The medium term trending indicators are looking steady and we try as high as 1200 if it manages to cling on to its gain. 

The long term and medium long term directional indicators have both been confirmed with this move higher during Asia. 

This could perhaps fire up the momentum/volatility indicators and we could have a mini rally on our hands and 1225 may be attempted so the closing for tonight is quite crucial, no lower than 1160 in order to keep looking good. 

In the weeklies the short term trending directional indicators are about 2 sessions shy of reach the overbought zone. 

The medium term trending indicators is in the midst of piercing through the zero line from the bottom and that could potentially lead to gold being pulled back to 1300. 

The long term directional indicator is still meandering while the medium term directional indicator is showing some promise of being confirmed but only the weekly closing that will determine if it's so. 

The momentum/volatility indicators are still in the doldrums and nothing seem to wake the giant.

Interim supports are at 1161, 1157 & 1146 with minor supports at 1161.50, 1144.60 & 1132.80

Interim resistances are at 1172, 1176 & 1177 with minor resistances at 1168.30, 1177.20 & 1185

The daily/weekly trend changer points are at 1111.90/1083.30


p.s. Mib Agenti - Will Have No Updates For 1 Month - Overseas Posting

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Gold Trends (09 October 2015) - Updates of Mib Agenti

In the dailies, the short term directional indicators are almost going into the overdone zone, maybe in one to two trading sessions. 

The medium term trending indicator remains on track for a push higher. 

The long term directional indicator has closed the gap and on the verge of crossing over and confirmation. 

The medium term directional indicators is now glued together in tandem but not crossed over despite the higher prices. 

The momentum/volatility indicators are still nondescript but is easily turbocharged if it closes above 1165 and charge towards 1200 . 

In the weeklies, the short term directional indicators regained it's composure supporting the current move. 

The medium term trending indicators continue their assault at the zero and may well cross it by next week.

The long term directional indicators is still in a realignment phase while the medium term term directional indicators shows some promise but may require at least another 6 weeks to forge, that is, if prices continue higher. 

The momentum/volatility indicators is kept warmed up but not yet at a critical level.

Interim supports are at 1155, 1149.50 & 1140.50 with minor supports at 1144.60, 1132.80 & 1124.40. 

Interim resistances are at 1162, 1169 & 1174.50 with minor resistances at 1166.50, 1170.20 & 1177.

The daily/weekly trend changer points are at 1108.80/1080.10.

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Gold Trends (08 October 2015) - Updates of Mib Agenti

I just landed so a very short update. 

In the dailies, some of the short term directional indicators are showing slight weariness. 

The medium term trending indicator is showing renewed strength but some top side resistance is in the way. 

The longer term directional indicator has almost come into play and just needs gold to push and hold 1150 at the week's closing to trigger it. 

The medium-long term indicator is in the midst of crossing over where it is right now. 

The momentum/volatility indicators' cupboard is bare so might be running on empty. 

In the weeklies, the short term directional indicators at it's zenith and might struggle to sustain. 

The medium term trending indicators are intact and wholesome and will soon challenge the parity level and come into positive territory, that is, for the longer term. 

The longer term directional indicators is still re-syncing. The momentum/volatility indicators just dribbling along albeit with a slight tinge of positiveness.

Interim supports are at 1137.50, 1132 & 1129 with minor supports at 1132.80, 1128.20 & 1123.60.

Interim resistances are at 1153, 1156.50 & 1165.50 with minor resistances at 1157, 1166.50 & 1170.20.

The daily/weekly trend changer points 1107/1080.10.

Get Gold Trading Chat, excerpts from there

Gold Trends (02 October 2015) - Updates of Mib Agenti

I had expected the market to be erratic but having almost a $40 spike is the mother of all erraticity. 

With only screen shots to look at which are hours old before NY opened, it's not worth a penny now. 

Having free online charts at the moment, they do not have most of the indicators that I use but I will endeavour anyway. 

In the dailies, the short term directional indicators could only turn upwards with the move and risen to the middle. 

The medium term trending indicator is trying to cut and cross back to being a positive bias. 

If it were to succeed by today, then at least a closing above 1155 is required. 

The momentum/volatility indicators have cranked up a couple of notches and is still lacking the propulsion of making it into a major move. 

In the weeklies, the short term directional indicators repeated the mid-air maneuver and crossed back into positive territory but it's too near the top so will face tough resistance going too high. 

The medium term trending indicator has again recomposed and earlier softness has evaporated. 

The momentum/volatility indicator shows some promise but stalling will be disastrous to the current campaign.

Interim supports are at 1128.50, 1121 & 1115.50 with minor supports at 1130.60, 1124.50 & 1103.50. 

Interim resistances are at 1144, 1156.50 & 1165.50 with minor resistances at 1142.20, 1156.90 & 1166.50.

The daily/weekly trend changer points are at 1153.65/1078.50.

p.s. Mib Agenti will be away from the 5th - 7th October

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Gold Trends (01 October 2015) - Updates of Mib Agenti

A quickie review tonight as I had a couple of drinks. 

The short term directional indicators have almost max out the length of the run lower despite price action not correspondingly so and may go into over sold region by tomorrow. 

The medium term trending indicators managed to challenge the zero line and will likely put a lid on any updside attempts, maybe even make gold look heavy here on. 

It will be some days more before the long term directional indicators give any inkling of what it's feeling. 

In the weeklies, the short term directional indicators are still trying to look convincingly weak. 

Some have just crossed over and a couple are at a kissing posture only. 

The medium term trending indicator is looking softer but still not yet crossed over. 

Probably it needs gold to close below 1100 to have it cross over. 

The long term trending indicators is in the doldrums. 

Just as well, the momentum/volatility indicators for both are merely gliding along. 

It needs to be pumped up at least 4 folds before we can see a major and sustained movement. 

Erratic trading will likely ensue and the slew of economic data coming out over the next couple of days will keep gold in check until the data is out.

Interim supports are at 1105.50, 1097 & 1086 with minor supports at 1103.50, 1070.40 & 1030.80.

Interim resistances are at 1125.50, 1130.50 & 1146 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1155.40/1078.50.

Get Gold Trading Chat, excerpts from there

Gold Trends (30 September 2015) - Updates of Mib Agenti

Gold has managed to push lower ahead of Yellen's speech. 

Will she be like a broken record, deja vous, or something fresh ahead? 

No point guessing but you will richly rewarded if you get it right as the market will surely react accordingly as it's oft been trained so. 

In the dailies, the short term directional indicators are about half way down so there is room left to play and 1080 could be targeted but must be reached quickly. 

If it stalls, it will lose it's nerve and the advantage would be lost. 

The medium term trending indicator is nicely bearing south and would challenge the zero line by Friday if it keeps in the same direction. 

The long term directional indicators are still biding it's time and not giving any clues as yet. 

In the weeklies, the short term directional indicators have turned lower and almost crossed over. 

The medium term trending indicators are showing the faintest sign of weariness but will soon be righted if gold closes above 1130. 

The long term directional indicators will take a long while more before giving any clues. 

Coming to the momentum/volatility indicators, a pittance it's only purring so trading ahead might be a little erratic.

Interim supports are at 1097, 1088 & 1071 with minor supports 1103.50, 1070.40 & 1030.80. 

Interim resistances are at 1126.60, 1130.50 & 1134.50 with minor resistances at 1123.20, 1132 & 1142.20.

The daily trend changer point was triggered in this session and it's around 1158.50 with the weekly point at 1078.50.

Get Gold Trading Chat, excerpts from there

Gold Trends (29 September 2015) - Updates of Mib Agenti

In the dailies, the short term directional indicators are freshly in this move lower and still has room for lower if it wanted to. 

It is good to see that the medium term trending indicator has finally succumbed from recent weakness. 

It resisted as best as it could but eventually the will of masses won out, for now. 

The longer term directional indicator is still lack lustre and the medium-long term indicator was compromised as gold tested below 1130 today but would resume it's earlier path should gold trade back above 1145. 

What is most discouraging is, the momentum/volatility indicators is listless and would really take something catastrophic to get it running. 

In the weeklies, the short term directional have only just began to show signs of weariness but not crossed over to the - soft side. 

The medium term trending indicators remain rigid in appearance and if fresh selling doesn't come, could just hold it above 1120 for now and continue looking rigid. while the long term directional indicators are still realigning itself. 

It will take at least 2 to 3 months before any signals becomes apparent. Looking at the tea leaves, although it is early yet, but maybe by that time, we could be trying higher.

Interim supports are at 1127, 1122 & 1117 with minor supports at 1128.20, 1118 & 1103.50.

Interim resistances are at 1135, 1153 & 1158 with minor resistances at 1142.20, 1157 & 1166.50.

The daily/weekly trend changer points are at 1114/1078.50.


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Gold Trends (28 September 2015) - Updates of Mib Agenti

In the dailies, the bulk of the short term directional indicators have mostly turned down with gold at current levels and some pressure is upon it. 

The medium term trending indicator has risen sufficiently to a nice height to "fall off" from, will see it having a good run lower, if new selling happens soon. 

In fact, it has started leveling off and if gold doesn't recover back to 1150's, could see it trying lower really soon. 

The long term directional indicator is a hair's breadth, maybe 2 hair's breadth from being confirmed and crossed over for gold to be testing higher but will it be a miss? 

The medium-long term trending indicator is still positive and none worse for the wear if gold doesn't trade to 1120 and languish there. 

If this indicator takes over the lead, could see gold try as high as 1190. 

Looking at the momentum/volatility indicators, maybe gold may not run too far away for now. 

In the weeklies, a handful of the short term directional indicators has started sagging, coiffed at the apex but not yet started moving in the downward force. 

The medium term trending indicator strangely seems to be immune to the gold's currently level and maintain it's stiff back. 

The long term directional indicators is showing no cues yet as it still struggles to find itself first.

Interim supports are at 1133.50, 1128 & 1115 with minor supports at 1130.60, 1124 & 1118.

Interim resistances are at 1141, 1145.50 & 1155 with minor resistances at 1143, 1157 & 1166.50. 

The daily/weekly trend changer points are at 1111.30/1078.50.

Get Gold Trading Chat, excerpts from there

Gold Trends (24 September 2015) - Updates of Mib Agenti

Any whispers from the Feds easily stirs the market. 

Just one word the market came up and another word the market is pressured. 

If only if they whispered first to my ear before others, would be very enRICHing indeed. 

Gold made a nice high yesterday but was quickly unravelled. 

In the dailies, the short term directional indicators did a mid air acrobatic maneuver and turned higher. 

However with prices at current levels causes the indicators to crest the apex of this move, makes one nervous to be holding long around here. 

The medium term trending indicator remains undaunted for now with the longer term directional indicator having the chance to come into contention. 

All that is required is to close above 1150 by next Wednesday. 

The medium-long directional indicator confirmed and is usually good for at least 2 weeks. 

So even if it doesn't go higher, gold will likely remain on the firmer side for a little while. 

In the weeklies, the short term directional indicators managed to nullify the earlier weakness and righted itself. 

The medium term trending indicator looks nicer than 2 days back and have a good chance to attempt the zero line in about 3 weeks time to go back into positive territory. 

The longer term directional indicator is still sorting itself out and will unlikely lead the market any time soon. 

However, the momentum/volatility indicators did revved up 2 notches, it still needs to revved up by another notch and half to really get it moving.

Interim supports are at 1140.50, 1134.50 & 1131 with minor supports at 1132.80, 1128.20 & 1118.

Interim resistances are at 1158, 1161 & 1172 with minor resistances at 1157, 1166.50 & 1177.

The daily/weekly trend changer points are at 1108.50/1077. The weekly point was triggered yesterday so the market looks supported at the moment and hopefully we make our way higher. A closing above 1150 tonight is crucial if not, we start next week looking softer.

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Gold Trends (23 September 2015) - Updates of Mib Agenti

Gold managed to claw back some ground today however it is making some of the short term directional indicators in the dailies coiling up like a spring but it is generally pointing south but nearer to the overbought region. 

If somehow it manages to pull higher above 1140's, then possibly, mid-air acrobatics would be witnessed and we may have a mini run higher still. 

The medium term trending indicator is looking less positive but has not yet crossed to downward bearing. 

The long term trending indicator is still in limbo. 

However, there is a medium-long term indicator on the crux of indicating some potential higher but closing above 1140's is essential today. 

If it does, we might be poking at least 1165 maybe next week. 

In the weeklies, the short term directional indicators are making jagged patterns. 

The medium term trending indicator maintains positive overtones. 

While the long term directional indicator is only about to plateau and needs gold to close at least 1150 or higher. 

That aside, the momentum/volatility indicators in both are too low for any serious moves and need to rev up 3 notches before anything can be made of the moves.

Interim supports are at 1128, 1125 & 1121 with minor supports at 1118, 1103.50 & 1070.40. 

Interim resistances are at 1144.50, 1162 & 1167.50 with minor resistances at 1143, 1157 & 1166.50.

The daily/weekly trend changer points are at 1103.90/1153.60.

p.s. Mib Agenti is away 1 day for Eid holidays.

Get Gold Trading Chat, excerpts from there

Gold Trends (22 September 2015) - Updates of Mib Agenti

In the dailies the short term directional indicators have just turned down. 

Hopefully it gains sufficient traction and also overrun the medium and longer term indicators which could bring us to at least 1050. 

That will at least bring fresh interest to the market compared to the current levels with only minimum volumes plying through. 

The medium term trending indicator's ascent is tapering off and weighed down with gold below 1130 and should be able to resist downward pressures for at least another day or two before any confirmation might be seen, if it comes to pass. 

The long term directional indicator has gone back to consolidation zone and will not be likely to see new directions at the end of the week, it's just a tad too far. 

The momentum/volatility indicators are just purring, not yet reach frantic levels. 

In the weeklies, the short term directional indicators are downward sloping so might provide some pressure for now. 

The medium term trending indicator remains unmoved with upside bias for now while the longer term directional indicators suggest it is trying to reach a state of stasis.

Interim supports are at 1120, 1112 & 1096 with minor supports at 1118, 1103.50 & 1070.40. 

Interim resistances are at 1129, 1145.50 & 1159 with minor resistances at 1132, 1142.20 & 1157.

The daily/weekly trend changer points are at 1102.30/1153.60.

Get Gold Trading Chat, excerpts from there

Gold Trends (21 September 2015) - Updates of Mib Agenti

Gold finally decided to play on the upper side while I was away on the Feds staying away from raising interest rates. 

There were talks that maybe we will be looking at another QE soon, with the world's economy the way it is now. 

That aside, in the dailies the short term directional indicators are showing slight signs of going into the overbought zone. 

However, the momentum indicators still haven't gained sufficient ground to turn the credible move into an incredible move. 

The medium term trending indicators seem to be tapering off as well and the long term directional indicators are not giving much of a clue at the moment. 

It may well be re-positioning itself during the past month, for the next move. 

If we are lucky, the signals might be triggered by the end of the week and if I were to make a guess right now, I would probably say we might just try lower after that. 

In the weeklies, the short term directional indicators are peaking while the medium term trending indicators are still maintaining their upside bias. 

The longer term directional indicator was earlier mildly having slight downward pressures but close to cutting off the engine unless it somehow got reignited again.

Interim supports are at 1126, 1122.50 & 1118 with minor supports at 1128.20, 1124.40 & 1103.50.

Interim resistances are at 1144.50, 1160.30 & 1170.50 with minor resistances at 1142.20, 1157 & 1166.50.

The daily/weekly trend changer points are at 1100.70/1153.60.

Get Gold Trading Chat, excerpts from there

Gold Trends (14 September 2015) - Updates of Mib Agenti

The dailies look sickly and the only thing holding gold here is the momentum/volatility indicators which are at really low levels. 

So what we saw/seeing recently/now, gold being able to break previous low but rebound soon after will likely persist longer until it picks up significantly, at least 3 folds, and hopefully we can get a better push lower. 

The medium term trending indicators are still looking weak but without gold tendering near the previous low (1100) and somehow manage to hold nearer the 1110 levels at least till the end of week, the indicators will have had a chance to build on that and may attempt to turn back up from here. 

The short term directional indicators looks like it may have reached the end for this run with some of them appearing to be in the midst of trying to twist back higher. 

If gold doesn't hold above 1115 at the end of the week, then the long term directional indicators will likely start looking soft. 

In the weeklies, the indicators are all being weighed down with gold below 1110 and adding just a little pressure. 

If it does run lower, possibly 1050 will be the next target.

Interim supports are at 1099, 1080.50 & 1074 with minor supports at 1103.50, 1070.40 & 1030.80.

Interim resistances are at 1115, 1122.50 & 1135 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1141.80/1160.30.

Get Gold Trading Chat, excerpts from there

p.s. Mib Agenti is away for the week. Updates should resume next week.

Gold Trends (10 September 2015) - Updates of Mib Agenti

Traders tried hunting for stops in the wee hours in the previous session and gold was pushed to attempt the psychological level around 1100. 

Probably none was found and instead, likely hit some limit orders and it rebounded gently and never came close to challenge that again. 

With that move, the daily short term directional indicators is almost spent for now and almost gone into the oversold region and it will try to get a leg up when it turns back higher. 

The medium term trending indicator is looking a mite better as the gradient is steepening again. 

The longer term directional indicator is still not showing new clues of the next move. 

The weeklies with gold where they are, the short term directional indicators are starting to look heavy with some that has turned down. 

The medium term trending indicator is showing signs of fatigue and almost crossed, back lower. 

It's a pity that the volatility/momentum indicators are of not much aid and likely curtail it moving too widely.

Interim supports are at 1101, 1080 & 1075.50 with minor supports at 1103.50, 1070.40 & 1030.80.

Interim resistances are at 1116, 1123.50 & 1145 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1150.50/1167.50.

Get Gold Trading Chat, excerpts from there

Gold Trends (9 September 2015) - Updates of Mib Agenti

At long last gold decided to move a wee bit more than yesterday.

The stillness was deafening and was almost like being in the eye of the storm.

Let's wait out and see if the widely anticipated shemitah (supposedly happens on 12&13 Sept) is catastrophic.

Looking at the dailies, the momentum/volatility indicators in particular, it may not make too much with this move but I hope I am wrong.

The short term directional indicators are now a little mixed but with slightly more bias on the downside.

Then the medium term trending indicator is still par for the course and if it had it's way, we could be breaking the previous low and 1040 could be a reality, that is, it has more room to run lower if it suited.

The long term directional indicator has gone into passivity and may require 3 or more weeks to be awakened.

The weeklies bespeak a different story in the medium term indicators, that is, it is still gently bearing north but generally the short term indicators are all mixed with the longer term indicator being compromised for now.

Interim supports are at 1102, 1087 & 1078 with minor supports are at 1103.50, 1070.40 & 1030.80.

Interim resistances are at 1119, 1125.50 & 1129.50 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1154.80/1167.50.

Get Gold Trading Chat, excerpts from there

Gold Trends (8 September 2015) - Updates of Mib Agenti

Gold is confused as to where it should be headed in it's next move on the back of whether or not rates will be upped or remains status quo.

In the dailies, brakes are being applied right now and try to halt it from looking too soft and the attempt this time round will be more easily manoeuvrable as it will then be lifting off nearer the ground rather then near the apex when attempting to upstage it when it was around 1140's.

So all it needs to do is hold at least 1120 till the week's end and it's done without expending too much resources to do it.

The medium term trending indicators are still bearing south and the long term directional indicators are showing it might go into dullness.

A lack of drive in the volatility/momentum might mean erratic trading/choppiness ahead, depending on what's going through it at that time and is easily pushed around without much depth to the moves.

In the weeklies, it is looking mildly positive as some of the indicators are coming up from the lows with the medium term indicators not too badly crooked or crossed over yet.

Interim supports are at 1119, 1114.50 & 1104 with minor supports at 1118, 1103.50 & 1070.40.

Interim resistances are at 1126.50, 1129.50 & 1142 with minor resistances at 1123.20, 1132 & 1157.

The daily/weekly trend changer points are at 1157.30/1167.50.

Get Gold Trading Chat, excerpts from there

Gold Trends (7 September 2015) - Updates of Mib Agenti

In the dailies, by now, due to the 1140 level not being held on to, in the charts, the majority of the indicators are all starting to look sluggish, if not, on a softer footing.

The short term directional indicators failed in their mid-air turning routine and are now looking heavy laden.

The medium trending indicators have just turned freshly for the lower.

All gold needs to do is close below 1110 and the long term trending indicator will be activated and add fresh pressure and the 1100 may not be sufficient to prop it up.

However, the momentum/volatility indicators are too low to give it a good push in either direction.

So trading will remain skittish for a while longer. In the weeklies, the short term directional indicators are looking weary and might be sucked lower.

The medium term indicators is starting to round off but has not yet started to look pressurised.

Interim supports are at 1115, 1102.50 & 1086.50 with minor supports at 1103.50, 1070.40, 1030.80.

Interim resistances are 1129, 1141 & 1157 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1159.90/1167.50.

Get Gold Trading Chat, excerpts from there

Gold Trends (1 September 2015) - Updates of Mib Agenti

Gold is led by the nose by whatever is happening in any markets at the moment and remains easily manipulated and awaiting confirmation of the FOMC's rate decision.

In the dailies, gold will be successful in scoring a hat trick, that is, keeping above 1140's till the end of the week, and the medium term trending indicator would have been co-opted opening some upside potential.

If gold manages to clear 1175-80 by the middle of next week, might see underpin there after that for at least 2 weeks or more.

Working against any big moves will be the low momentum/volatility indicators will have gold dragging it's feet behind it.

Failure to sustain the 1140's might see gold plunge lower again but the same issue of low momentum.

The short term directional indicators in the weeklies are peaking and so may temporarily put the brakes on attempts higher. With the technicals where they are, drivers of the market will be news and other developments.

Interim supports are at 1135.30, 1126 & 1116.50 with minor supports at 1132.80, 1128 & 1123.50

Interim resistances are at 1140.50, 1161.50 & 1165.50 with minor resistances at 1143, 1157 & 1166.50

The daily/weekly trend changer points are at 1164.45/1168.40.

Get Gold Trading Chat, excerpts from there

p.s. MIB is away for 3 days.

Gold Trends (31 August 2015) - Updates of Mib Agenti

If the market can be insulated from external factors, then, in the dailies, by just pure technicals alone, is due for some easing.

The medium term trending indicators maintain a downward bias and the angle of the decline is too steep to "withstand" too much resistance.

The longer term directional indicator's engine is now left cold and harder to be reignited and so, upside potential is temporarily curtailed.

The faster and short term directional indicators attempt to turn back higher are questionable as gold continue to lose its grip after it managed to push higher.

The green shoots seen in the weeklies earlier are malleable and as fragile as wisps of smoke.

Just as well, the momentum/volatility indicators are also at low levels.

Market seems to be biding its time till the decision on the rates are made.

Until that time, it seems happy to be just pushed around.

Interim supports are at 1125, 1115 & 1092 with minor supports at 1123.70, 1118 & 1103.50.

Interim resistances are at 1133.50, 1140 & 1165 with minor resistances at 1132, 1142.20 & 1157.

The daily/weekly trend changer points are at 1165.40/1168.40.

Get Gold Trading Chat, excerpts from there

Gold Trends (28 August 2015) - Updates of Mib Agenti

With the muscle play in the currency markets, has left the US dollar at an unsustainable level plus developments in world markets, tipping the FOMC to put a hiatus on the supposedly rate hike in September, bringing relieve all around as equities rebounded as well as gold.

So for now, we see gold testing a little higher but what will come out of it?

In the dailies, the momentum/volatility indicators are in crawl mode so short term wise, gold might not be moving too drastically.

The faster directional indicators are also trying to overcome the weakness and being a little near to the peak where it came off from, may prove a hinderance to surpassing recent high set last week even if it successfully turned up from here.

The medium term trending indicator hasn't flinched as the angle it was coming off from, is very steep.

This leaves the longer term directional indicator showing faintest signs of being revived.

The weeklies shows the slightest of promise for trying higher but the momentum/volatility  trending indicators are only purring and not roaring.

Interim supports are at 1131.50, 1128 & 1108 with minor supports at 1130.60, 1124.40 & 1118.

Interim resistances are at 1137.50, 1143.50 & 1165 with minor resistances at 1143, 1157 & 1166.50.

The daily/weekly trend changer points are at 1166.40/1172.30.

Get Gold Trading Chat, excerpts from there

Gold Trends (27 August 2015) - Updates of Mib Agenti

The word Shemitah was whispered around dealing rooms as being the reason we are seeing what we are seeing in global events but it was to happen only in September.

Also, QE4 is being called for by some parties to stymie and probably pre-empt/salvage the situation before it becomes too bad.

So if QE4 do start, it will be a very different ball game.

Until it does, the trend changer point in the dailies was triggered and resting above at 1167.40 while the weekly point is at 1172.30, applying some pressure at the moment.

The medium term trending indicator is southwards bearing and have some way to go, maybe last 2 to 3 weeks before able to bottom out.

The weakness in the short term directional indicators are newly minted so possibly we may see fresh weakness with some vigour, for at least a week.

The green shoots seen earlier in the long term indicators has been suffocated and may take some time before a stronger signal emerges.

In the weeklies, the faster moving indicators just started showing some weakness but not has not reach frenzy level yet so ranges might not be so hectic.

Interim supports are at 1115, 1111.30 & 1105.50 with minor supports at 1118, 1103.50 & 1070.40.

Interim resistances are at 1128.50, 1133.50 & 1136.60 with minor resistances at 1132, 1142.20 & 1156.90.

Get Gold Trading Chat, excerpts from there

Gold Trends (26 August 2015) - Updates of Mib Agenti

Just a mini update in the interim till I'm fully back tomorrow.

Gold has been on cue, reaching higher but not too high and now fresh pressure is on in the past few sessions since.

Just taking a quick/basic reading, it will be likely selling pressures  continue in the short term, that is, at least till the end of the week.

Interim supports are at 1103.60, 1094 & 1086.50 with minor supports at 1118, 1103.50 & 1070.40.

Interim resistances are at 1129.50, 1135 & 1138 with minor resistances at 1132, 1142.20 & 1157.

The daily/weekly trend changer points are at 1168.40/1172.30.

Get Gold Trading Chat, excerpts from there

Gold Trends (19 August 2015) - Updates of Mib Agenti

Ahead of the FOMC, gold has started pushing on the resistances.

With gold above 1125, gives it a jollier outlook.

However, closing above 1125 is essential and closing above 1130 will be catalyst to gold having a go at 1150.

Having said that, where it closes is of lesser importance than the FOMC decision later.

The short term directional indicators are attempting a forced turning here from the middle of the field.

The medium term trending indicators has straightened out slightly and steeper than yesterday.

The long term directional indicator has crossed over and if momentum/volatility concurs, might keep gold firmer and higher.

In the weeklies, the faster directional indicators are almost reaching the overdone zone and if current direction is maintained, than this correction will probably over in about 4 weeks' time.

The medium term trending indicator is crossing over but gold must close above 1130 by week's ending and then it's confirmed.

However, gold has a bad habit of letting the market recover to such an extent so that it might look good technically but unconfirmed (on some charts), just below crucial resistances, and smash it lower after that, and catching the break out chasers.

Interim supports are at 1114, 1094.50 & 1087 with minor supports at 1103.50, 1070.40 & 1030.80.

Interim resistances are at 1131.20, 1164.50 & 1181 with interim resistances at 1132, 1142.20 & 1156.90.

The daily/weekly trend changer points are at 1100.35/1180.55.

Get Gold Trading Chat, excerpts from there

ps MIB will be away and back on 27 Aug.

Gold Trends (17 August 2015) - Updates of Mib Agenti (Missed)

In the dailies, the trend changer point was triggered almost 1 month back and slowly creeping higher after that and resting at 1094.25 today.

Gold should have taken a greater advantage by pushing higher instead of just coasting higher on a leisurely pace.

The faster short term directional indicators have just turned or crooked, adding some light pressure.

The medium term trending indicator is still fine if we manage to test and best if closes above 1120's.

The daily highs/closes must be above that of the previous day if the trend can be maintained in the interim.

If gold stays below 1120 or worse, close below 1110, then, even that would have turned.

The weekly charts continue improving marginally and so far, nothing to suggest any strong moves for now on it's own merits.

Interim supports are at 1109.50, 1105.50 & 1084.50 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1124.50, 1128.80 & 1131.50 with minor resistances at 1123.20, 1132 & 1142.20.

The weekly trend changer point is at 1180.55.

Get Gold Trading Chat, excerpts from there

Gold Trends (18 August 2015) - Updates of Mib Agenti

In the dailies, with gold stalling just below key resistances and it's inability to conquer and hold above it, makes it an easy target, like a sitting duck.

What is not good is the short term trending indicators which have turned down, with some down side bias. 

The turning is almost near the top of the apex meaning it is newly minted. 

So, if gold still refuses to push higher to void that, it will be under pressure maybe for the next 2 weeks from here on. 

The medium term trending indicator is attempting to make the turn (lower) and just showing slight signs of exhaustion but that easily be remedied. 

The longer term indicator has gone into a stasis and market maybe range bound until new inspiration is introduced. 

The weeklies short term directional indicator has recovered and bearing north and the medium term trending indicator has recovered sufficiently and may cut upwards, and we get some length on the upside.

Interim supports are at 1109.50, 1087 & 1080 with minor supports at 1103.50, 1070.40 & 1030.80.

Interim resistances are at 1125, 1129 & 1132.30 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are 1097.45/1180.55 - NB daily point creeping higher, triggering soon?

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Gold Trends (14 August 2015) - Updates of Mib Agenti

In the dailies, the long term trending indicator finally crossed over to the positive territory but whether it can make anything out of the current sentiment/swing, going by just the momentum/volatility indicators, is a toughie unless something cataclysmic happens really soon or the technicals come into play.

That will be gold having a good close, preferably above 1130 and technically looks more positive, a self fulfilling prophecy.

Quite a few of the short term directional indicators are swooning already, at the top and easily tippable once gold starts closing lower and lower.

The medium term trending indicator is still looking good for now and not "damaged" too much by yesterday's lower closing.

In the weeklies, the current move has given a much needed reprieve to catch a breather, maybe before being hung again?

It will need gold to close above at least 1170 (weekly close) before the long term bearishness can be negated into neutrality.

Interim supports are at 1108.50, 1102.50 & 1085 with minor supports at 1070.40. 1030.80 &1023.80.

Interim resistances are at 1127.20, 1130.50 & 1138.20 with minor resistances at 1132, 1142.20 & 1156.90.

The daily/weekly trend changer points are at 1090.70/1189.55.

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Gold Trends (13 August 2015) - Updates of Mib Agenti

In the dailies, gold is a tricky position today after yesterday's high was achieved.

Where it is now, gold's faster directional indicators are not looking too optimistic and on the verge of turning back lower.

It will be worse if the closing tomorrow does not surpass the recent high and closes above that, then this up move looks about complete.

Then next week will see gold under pressure with a light touch initial and crumble lower if no more forays higher are done.

However the issue is easily resolved by just closing higher.

The other indicators are still relatively healthy and only lack momentum/volatility, which has not yet built up sufficiently.

In the weeklies is a slower creature with a different temperament and have only a small chink to show for this move up so it is easy to resume it's earlier direction if the market softens again.

Interim supports are at 1106.70, 1099.50 & 1085 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1127.50, 1138.50 & 1163.50 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1086.75/1189.55.

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Gold Trends (12 August 2015) - Updates of Mib Agenti

In the dailies, what a nice turn of events and let's enjoy it while it last.

All of the indicators are in harmony with only one set path for now.

The momentum/volatility indicators had the winds removed from the sail for now but it will be good to see new momentum/volatility churning the market around, to compensate for the passivity of the past 6 months.

A medium term trending indicator has come to a critical level and if successful, will develop a second wind and keep gold testing higher for a tad longer - 2 weeks.

However the faster directional indicators have almost reached the overdone zone and if no further highs/closes are achieved at the week's closing, then, we might see it under pressure next week.

After projections and interpolations, if successfully done, then upside potential for this run is 1155-1160.

In the weeklies, the faster directional indicators are looking marginally better than yesterday, that is, firmer looking.

It will take more time for the longer trending and directional indicators to realign.

Interim supports are at 1096, 1085 & 1078.50 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1127, 1138 & 1163 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1083.40/1189.55.

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Gold Trends (11 August 2015) - Updates of Mib Agenti

The longer term trending indicator has shown completeness of the move down for the moment, with gold at 1110 or higher.

The minute gold closed above 1100 gave a signal that we could be targeting 1130 in the near term and 1150 in the medium term.

Some of the faster directional indicators, if the run up does not continue for the rest of the week, will start to feel the gravitational pull and pluck it off it's perch.

So there is some upside bias for now.

In the weeklies, the faster turning directional indicators have crook upwards and retracements might be in order the medium term trending indicator is showing the faintest of a crook.

However, the longer term trending indicator is showing that permits, despite it all, gold remains under pressure still.

Interim supports are at 1098.60, 1093.30 & 1083 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1111.60, 1126.20 & 1138 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1081.10/1189.50.

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Gold Trends (6 August 2015) - Updates of Mib Agenti

Gold is stubbornly refusing to even come near to the 1080 and by doing that, has managed to temporarily alleviate the pressure on itself.

If it continues holding thus till the end of the week, the long term trending indicator will likely be culled into a consolidation phase extending 2 months or more.

The medium term trending indicator is managing to keep a stiff upper back for now.

The short term directional indicators are still bearing southwards but managed to retract a little while the momentum/volatility indicators are waning by the day.

However, the daily trend changer point has now come higher at 1079.05, just a whisker away and will be higher still tomorrow.

In the weeklies, the faster moving trending indicators are starting to crook due to no new lows in the past week and so if gold closes nearer the 1100, it will be in a better position and low could have been seen for now with some chance to try to secure 1100 next week.

Interim supports are at 1080.70, 1069.50 & 1064 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1090.20, 1100 & 1128 with minor resistances at 1123.20, 1132 & 1142.20.

The weekly trend changer point is at 1199.40.

Mib Agenti will be away for the next 2 days so no updates till the 11th at the earliest.

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Gold Trends (5 August 2015) - Updates of Mib Agenti

In the dailies, gold is showing fatigue in some of the faster moving directional indicators and will be weighing down on it and may well try to trigger the trend changing point at 1178.50 today.

If it is successful, maybe the medium term trending indicator will be compromised as well.

That in the meanwhile has recomposed quite well and no longer in the overdone zone and so a renewed onslaught on the lower side could well see us push past the previous low and the maybe play around the psychological level of 1050.

With the USD having such strength and vigour, is difficult for gold to be fighting that to push too high for the moment.

The softness in the long term trending indicator has not been curbed and gone into consolidation so there might be some chance it will continue to add extra pressure.

The weeklies will likely to continue to rule for a tad longer and if it doesn't go below 1050 in 4 to 5 weeks time, then this run lower will be more or less completed in the interim as the indicators have almost reached overdone zone.

Interim supports are at 1082, 1070 & 1065.50 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1092, 1101.30 & 1128.50 with minor resistances at 1123.20, 1132 & 1142.20.

The weekly trend changer point is at 1199.40.

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Gold Trends (4 August 2015) - Updates of Mib Agenti

With gold back above 1090's, in the dailies, the medium term trending indicator looks a mite better than when it were below it.

It will not be able to score languishing below the 1100 as a closing above that will likely cause a flurry of short-covering and give the market much reprieve temporarily.

The faster directional indicators are bunching at the moment and near the top.

The fear is when they start swinging lower, may also drag gold a long.

The momentum/volatility indicator has receded by 25% and with that outflow, makes it difficult to be expecting too much from the market at the moment, whichever direction it attempts.

The long term directional indicator which was the background of recent movements, has almost come into the neutral zone and if it did, then gold might need 2 months to sort out whether it preferred to go back higher or lower.

The weeklies are showing slight resistance to downside plays for now and gentle brakes are in place vis-a-vis, the faster directional indicators showing slight signs of fatigue and trying to turn back upwards.

Initial supports are at 1084.60, 1072.50 & 1068 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1095, 1100.60 & 1129 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1078/1199.40.

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Gold Trends (3 August 2015) - Updates of Mib Agenti

In the dailies, looking that the empirical evidence of all the indicators, the majority of them are gently biased to the upside.

The medium term trending indicator is still bearing north nicely.

A small bunch of the faster directional indicators looks like it's forming a v-shape type of recovery.

The long term directional indicator looks like it's going in a phase of plateauing.

While the signs are encouraging for some recovery, trying alone is insufficient.

It must be able to stand it's own and get the dust off its behind and really get moving higher above 1100's and we may yet get to see 1150.

The way the market is panning out, if it doesn't get higher by the end of the week, it will quickly lose its resolve and sink upon itself and the recent lows will be revisited and probably with a new low by early next week.

The momentum/volatility continues to retract and a good chance for retracements is now.

In the weeklies, a number of the faster, directional indicators are showing some signs that the market is in need of some recovery.

Interim supports are at 1087.50, 1074 & 1068 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1097.50, 1100 & 1130 with minor resistances at 1123.20, 1132 & 1142.20.

The daily/weekly trend changer points are at 1077.50/1199.40.

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Gold Trends (31 July 2015) - Updates of Mib Agenti

The daily trend changer point was triggered earlier in the NY session which was at 1101.50 despite gold having transverse from the lows manufactured in London.

As usual, NY put on its usual derisive strategy to confound and confuse, causing panic and when you least expect it, pull the aces out of its sleeves.

The medium term trending indicator has started to show a small crook and if it crosses back into the negative territory, gold will be in for another selling off.

To avoid it, regaining 1100 and closing above it is crucial.

However, not in favour are the short term and faster trending indicators which are already showing signs of weariness.

The shrinking momentum/volatility indicators have also started rising again.

In the weeklies, by nature a longer term outlook, has not improved by much and remains scary if prices keep bouncing near the lows and may just pierce through eventually.

A longer term trending indicator in the weeklies was triggered and only it's early stages and maybe keep gold depressed for a longer period than desired.

Interim supports are at 1086, 1081 & 1067.30 with minor supports at 1070.40, 1030.80 & 1023.80.

Interim resistances are at 1104.60, 1137 & 1152 with minor resistances at 1123.20, 1132 & 1142.20.

The weekly trend changer point is at 1210.00.

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