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

Of late, gold has been severely capped by indecisiveness.

This is by and large due to the low momentum and volatility indicators, which have entered a "kissing" zone and looks like it may last a tad longer.

Punters who play on breaks will be stopped out every time and range traders are champions at the moment.

Coming back to the task at hand, despite that, gold continues to appear soft but takes opportunity to pull back at any instance.

Interim supports are at 1189, 1180.40 & 1168.40 with minor supports at 1178.60, 1168.70 & 1161.50.

Interim resistances are at 1197.50, 1205.30 & 1214 with minors at 1207.50, 1218.50 & 1221.70.

The daily/weekly trend changer points are at 1214.10/1215. Both are above  so provide some pressure on gold.

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

What a fantastic move gold has had since the NY opening bell. It has been a one way ticket lower so far after the uneventful and of late, repetitive FOMC announcements. 

As much as I had feared it, in the dailies and the weeklies, we have entered into a "kissing" period and direction remains jittery at best, as the indicators keep crisscrossing each other at every turn. 

With a drought of earth shaking news, gold is trapped in a range. That is until, the momentum/volatility indicators reach sufficient sustainable levels and, we might see a breakthrough then. 

With this move lower, gold again looks pressured and hopefully we see a new low this round - at least 1160.

Interim supports are at 1174.40, 1154.20 & 1138.70 with minor supports at 1168.70, 1161.50 & 1144.60.

Interim resistances at 1185.60, 1190.20 & 1197.70 with minors at 1185, 1191 & 1196.65.

The daily/weekly trend changer points are at 1176.30/1216 with the daily almost being triggered earlier.

To all my friends in the commonwealth nations, a Happy Labour Day.

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

Gold's next move hinges solely on the outcome of the FOMC decision, either it opens "big" or "small".

Quite a number of punters have already cast their die, that is, betting on moves higher, and the reason gold broke away from its wurthering lowness and climbed to a loftier perch.

In both the dailies and weeklies, most of the indicators have turned mildly positive but the very low momentum/volatility indicators might lessen the chances of more upside or downside until those build up to a forceful level.

Otherwise, moves towards either direction will be futile - like a dry run, that doesn't culminate into the actual event/meaningful.

With that thought, I might just do a counter-trend trade especially if it pokes nearer to 1220 but will be quick to cut in case it went wrong.

Interim supports are at 1200, 1190 & 1185.50 with minor supports at 1208.80, 1204.70 & 1200.10.

Interim resistances at 1217, 1226.60 & 1228.80 with minors at 1218.50, 1221.70 & 1238.

The daily/weekly trend changers points at 1175.50/1216.

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

Let's all stand and give a 5 minute rousing applause for gold's performance today.

Not only has it propelled higher, it had managed to take out the daily trend changer point at 1212.40 and the weekly point sitting just at 1216, which acts like a magnet.

In fact, we should demand/expect an encore performance and hopefully, be seeing 1238 really soon.

With such a fantastic performance today without an encore, is totally anti-climatic.

However, due to insufficient momentum/volatility so far, it is doubtable if we will be seeing too high.

Having expended so much effort, albeit cheaply (please see earlier posts), it is really wasteful not to see it higher.

Interim supports are at 1198, 1195 & 1189.80 with minor supports at 1208.80, 1204.70 & 1200.10.

Interim resistance are at 1216, 1228 & 1239 with minor resistances at 1218.50, 1221.70 & 1238.

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

Due to the very low momentum/volatility indicators, gold managed to claw back all that it gave last Friday. 

It really is an amazing feat and the amount of resources required to do that, is not little. 

This renewed strength is largely due to the upcoming FOMC as traders predict delayed action on the part of the Feds in raising rates, and, coinciding with the Greek issue is definitely cause to hedge the uncertainty. 

I only wish it just wouldn't stop here, as recent ranges have been uninspiring, and unable to break out at either end.

Both the dailies/weeklies are poised for lower but the upmove has skewered the dailies for now and may cause the dailies to go into a "kissing" zone, i.e., until a new direction is "decided".

Interim supports are at 1194, 1190 & 1188 with minor supports at 1178.60, 1168.70 & 1161.50.

Interim resistances at 1209, 1212 & 1222.50 with minors at 1207.50, 1218.50 & 1221.70.

The daily/weekly trend changer points at 1214.90/1216.

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

At long last, gold has finally thrashed the 1180 psychological level.

However, what it makes of it is still open to "suggestion".

With the price where it is now and if it closes sub 1180, then the weeklies will also look pressured and next week should see gold extend further losses.

However if it somehow manages to claw back the losses and closes nearer the 1190's , then this move lower is a wasted endeavour.

The momentum/volatility in the daily & weekly are still not building up sufficiently and hopefully over the course of next week it does improve, we may then get to see at least till 1140's as most of the other indicators in the daily/weekly will then be pressurising.

Interim supports are at 115, 1138.50 & 1126 with minor supports at 1168.70, 1161.50 & 1144.60.

Interim resistances at 1185, 1192.40 & 1200 with minors at 1183.50, 1191 & 1207.50.

The daily/weekly trend changer points are at 1217.40/1224.10.

Keep your eyes on the charts and track the momentum.

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

Finally, we have a slightly extended range on the lower end.

However, are we going anywhere with it?

That, I am not too sure at all but I remain hopeful - at least the technicals are veering lower so higher probability for that happening.

However, the Momentum/Volatility indicators in both the daily and weekly are but a faint bleep. If it was any quieter, it would have probably flat lined.

So maybe what is missing, is a dash of some good news.

Interim supports are at 1184.50, 1181 & 1155 with minor supports at 1178.60, 1168.70 & 1161.50.

Interim resistances at 1195, 1199 & 1210 with minors at 1207.50, 1218.50 & 1221.70.

The daily/weekly trend changer points are at 1218.80/1224.10.

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