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
Get Gold Trading Chat, excerpts from there
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
Get Gold Trading Chat, excerpts from there
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