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

The dailies and weeklies are still not showing any build up in momentum and volatility - no sustainability.

In the dailies, a few of the early indicators are showing some indications the run lower are on its last legs.

If it still does not push through 1178 by the end of the week, then gold will bottom off here and head back to 1200.

On the other hand, even if it did crash through but not forcefully enough, then 1178 may act like an anchor and catapult it back higher like a bungee jumper.

Interim supports are at 1181.60, 1178 & 1168.70 with minor supports at 1178.60, 1168.70 & 1161.50

Interim resistances are at 1197, 1202.50 & 1206.60 with minor resistances at 1191 & 1207.50 & 1211.40.

The daily/weekly trend changer points are at 1229.40/1148.05.

Remember to watch the charts for the entry/exit signals and patience wins the game.


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

Having been away for a couple of days for some urgent meetings, gold succumbed to topside pressure and drifted a tad lower.

The daily trend changer point was triggered yesterday and is at 1231.30 today, The weekly is at 1148.05.

The dailies are pointing lower but some of the indicators are showing signs of bottoming (tiredness) plus the lack of momentum/volatility showing any endurance, we might not get the full benefit of the charts looking softer and it just might creep back higher from here, especially if we hold above 1178 till the end of the week.

Interim supports are at 1180.70 & 1168.30 with the minor supports at 1178.60, 1168.70 & 1161.50.

Interim resistances are at 1197,1206 & 1211.40 with minor resistances at 1191, 1196.70 & 1207.50.

Just remember to keep watching the charts and not get lulled into a false sense of security.

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

Trading in gold at the moment is like flying.

With the tussling of the dailies and weeklies, you can easily get caught in the cross winds and turbulence and be suddenly jerked higher or drop in a tail spin, without warning.

The only difference is, a crash doesn't seem to happen, out of either end.

So for the range traders, it's happy days indeed.

If we are lucky, or is it unlucky, such conditions might persist for some more time as the momentum/volatility indicators are scraping bottom and have not shown much signs of improving for at least another 2 weeks.

Interim supports are at 1200.80, 1193.50 & 1187 with minor supports at 1202.60, 1178.60 & 1168.70.

Interim resistances are at 1209.40, 1212.50 & 1229.50 with interim resistances at 1210.20, 1218.50 & 1221.70.

The daily/weekly trend changer points are now at 1187.90/1144.55.

Until the moment/volatility indicators improve, maybe best to trade the range and watch the chart for entry/exit signals - go for a quickie as still yields above $10 ranges.

Happy Holidays to my friends from the US & UK & HK (25 May)

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

The dailies continue to pressure price levels but the 1200 psychological level is holding it here for now.

Due to the drop being not severe enough, the weeklies has hardly moved, that is, it is poised for some strength later on if no new lows are breached.

Gold will have to stave off attempts for breaches of 1200 for at least another week in order for the daily indicators to come to very low levels so that it becomes easy to commandeer it back higher.

Interim supports are at 1201.10, 1186.50 & 1170.80 with minor supports at 1200.10, 1178.60 & 1168.70.

Interim resistances are at 1211.40, 1229.20 & 1236 with minors at 1210.20, 1218.50 & 1221.70.

The daily/weekly trend changer points are at 1185.15/1144.55.

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Gold Trends (20 May 2015) - Updates of Mib Agenti

I was looking at some agreements the whole night and it's very late. So I will be brief for tonight's commentary.

The early run in the dailies have turned sour with the price where it is and the height of the indicators are still near their tops from the the point of turning.

So gold is definitely pressured as there is plenty of room for lower levels.

However, it can all be averted if it somehow managed to spring board back to 1220 and higher (miracle needed).

Even if it did that, the indicators will again be in the slightly overdone zone.

However the weeklies remain intact & the current weakness seen in the dailies could be a technical adjustment (indicators being too high) to lower levels before plodding higher again.

The key is to hold above 1200 until the dailies turn again but will it?

Interim supports are at 1207, 1200.40 & 1186 with minor supports are at 1202.60, 1200 & 1178.60.

Interim resistances are at 1211, 1229 & 1239.80 with minor resistances are at 1210.20, 1218.50 & 1221.70.

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

I can't remember when but somebody suggested that I was pro-bull once.

The thing is, I am not.

If at all, I would like to think of myself as merely a crowd follower, but an early mover as such.

It is just that sometimes I see a nice move, which had taken such considerable effort in the making and to see all the efforts to be smashed in a single day, is really wasteful.

A day just like today.

Had gold held above or higher than yesterday's closing would be swell but it is like hanging on a cliff with just the fingertips, tenuously.

More of the indicators are now bearing down and adding pressure to the fray but all is not totally lost if we manage to creep back above 1220's as the directional indicators have not been coerced yet but in danger of being so if gold went lower.

Just too bad, a trending indicator in the weekly was just turning positive and before it could have any length, it was nipped in the bud.

Interim supports are at 1206, 1201.80 & 1189 with minor supports at 1204.70, 1200.10 & 1178.60.

Interim resistances are at 1212.40, 1214 & 1230.50 with minor resistances at 1218.50, 1221.70 & 1231.40.

The daily/weekly trend changer points are at 1178.95/1144.55.

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

As if on queue with the good closing last Friday, gold poked higher just as the early Europeans joined the market.

That was despite most of Asia dis-hoarding earlier and it resisted the onslaught of sales to hold above 1220 and spring board off there later.

Looking at the dailies, early weariness has started to show in 30% of the indicators but these can be easily overcome by continually having higher closes than the preceding day.

What it needs now more than ever is, sustainable momentum/volatility to carry it northwards, which is evidently missing.

It doesn't matter how positive/negative it looks, if the "fuel" is missing, it just won't burn and might just crash instead.

Interim supports are at 1216, 1211.20 & 1202 with minor supports at 1212.60, 1208.80 & 1204.70.

Interim resistances are at 1231.50, 1238.70 & 1242.40 with minors at 1238, 1240.70 & 1251.70.

The daily/weekly trend changer points are at 1175.55/1144.55.

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