Gold Trends (15 July 2015) - Updates of Mib Agenti

Gold has finally succumbed to the pressure and broken under the surface, 1150, for now.

What it makes of it, will be left to its own devices unless there were news with risk-worthy hedging required, that will then make it pop back higher.

The natural inclinations with the current technical backdrop is, more easing of prices for the next 2 to 3 months.

However, the rate of descent will likely be measured and laboured unless funds get in on the act to drive up the momentum/volatility and then the show becomes spectacular.

Interim supports are at 1146.60, 1121.50 & 1100.50 with minor supports at 1144.60, 1132.80 & 1128.20.

Interim resistances are at 1159.70, 1170.50, 1174.30 with minor resistances at 1157, 1166.50 & 1177.20.

The daily/weekly trend changer points are at 1166.80/1227.40.

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

With gold below 1160 is spelling gloomy days for gold yet, in the short term, as both the dailies and weeklies are on the same side.

In the dailies, a pity there wasn't follow through selling so the momentum/volatility indicators have not reached frenzy levels yet.

All that is required in the dailies to alleviate the pressure is just to push it to 1165 and it looks a whole lot better.

The daily trend changer point has also been stealthily creeping lower at 1169.50 today.

Maybe the movers of the markets are just biding their time such that the daily trend changer point when it droops low enough, will not require too much effort to trigger and then enjoy the ride up.

Greece news might also cause some ripples.

Interim supports are at 1150.20, 1146 & 1121 with minor supports at 1144.60, 1132.80 & 1128.20.

Interim resistances are at 1160.70, 1173.30 & 1178.50 with minor resistances at 1157.20, 1166.50 & 1180.70.

The weekly trend changer point is at 1227.40.

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

It is scary to imagine the dire consequences of not holding at least 1165 has in itself, been pressurising gold the whole day.

Prices have just been sliding lower since, holding gingerly just at 1150.

Looking at the weeklies, it looks like the beginning of a new onslaught of fresh lows being sought.

There is a trending indicator (medium-long term) that is just being confirmed and may depress prices for the next 2 months.

However, the momentum/volatility is lacking so that might derail that option for now.

As suspected earlier, in the dailies, a breather was being permitted so that the indicators could recover from an oversold position so that maybe new lows can be had.

The momentum/volatility indicator is at a fair level and may reach an excited state in another 2 days if it runs lower (1130), then it comes into a frantic state.

Interim supports are at 1151, 1146.60 & 1121 with minor supports at 1144.60, 1132.80 & 1128.20.

Interim resistances are at 1162.50, 1173 & 1179 with minor resistances at 1166.50, 1170.20 & 1177.20.

The daily/weekly trend changer points are at 1172.60/1227.40.

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

In the dailies, the trending indicator is still southwards pushing, with no signs of abatement yet.

The real-time prices have come nicely off the lows and in the process, permitted a bunch of the other indicators that were in the overdone position, some time to realign itself into a neutral zone in case there was another round of bashing ahead, it will be having sufficient height to do more damage.

Capturing and closing above 1165 today will be essential as one of the medium term indicators will have confirmed it's intention and we may get lucky and see gold test back to at least 1190.

Interim supports are at 1158, 1153.20 & 1146 with minor supports at 1144.60, 1132.80 & 1130.60

Interim resistances are at 1164.50, 1175.50 & 1191 with minor resistances at 1168.30, 1177.15 & 1183.50.

The daily/weekly trend changer points are at 1176.15/1230.70.

Note. the daily point is coming into contention.

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

It's nice to be home after almost a week away and I am able to provide my 2 cents worth after reviewing the charts today.

In the dailies, the trending indicator that was pressurising gold lower continues to be the prime motivator.

However, a number of minor to medium term indicators have in fact, trying hard to turn up.

The key is whether gold is able to keep above 1165 at tomorrow's closing for the week.

In fact, one of the medium term trending indicators is having a divergence and if manages to cut back higher, gold has a good a chance of at least 1190.

Having said that, in recent past, every time a crucial closing is required, somehow, it failed miserably and new lows made/rediscovered.

Greece's fate still has relevance market will react accordingly.

Interim supports are at 1155, 1152.70 & 1148.50 with minor supports at 1144.60, 1132.80 & 1130.60.

Interim resistances are at 1166.70, 1176.50 & 1180.70 with minor resistances at 1168.30, 1170.20 & 1177.20.

The daily/weekly trend changer points are at 1180.15/1230.70.

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

We are getting an overdose of Greece news this past week.

Whichever way you look at it, it has defaulted.

However it is strange how creative we can get.

It has obviously flat-lined but we are not calling it as such and in fact, maybe now CPR is being done and put on life support?

Due to the dailies being unable to capture strategic resistance levels when it had some medium term indicators in its favour, has now "doomed" itself to stew in its own juices at the bottom of the pot.

A bunch of the indicators continue indicating softness but the momentum/volatility indicator's engine is still cold.

So it may not be a running away even if critical levels are breached unless catalysts are introduced.

Interim supports are at 1163.50, 1161.80 & 1156 and minor supports are at 1164.30, 1161.50 & 1144.60.

Interim resistances are at 1176.80, 1179 & 1184.30 with minor resistances at 1180.70, 1191 & 1196.70.

The daily/weekly trend changer points are at 1199.90/1163.50 with the latter being threatened.

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

Gold is reacting to every news snippet that might be in vogue at the moment.

However with the Greek issue on hand, seems to cause everybody to be sitting on edge and see who is quicker on the draw.

Faster does not necessarily mean the winner.

When the market opened in Asia, it was nearer 1180 and it didn't look so pressured but with it just treading the 1170, looks really vulnerable.

However it might not make any headway southwards as it is only looking soft and may not have substance behind it.

I am not sure if it is thankfully or unluckily, that the momentum/volatility indicators are still maintaining their poker face and anything you throw at it right now, will just slide off.

Having such a flimsy stance, it maybe more profitable to try range trading especially when it's near crucial levels.

Interim supports are at 1162.20, 1157.50 & 1134.60 with minor supports at 1168.70, 1161.50 & 1144.60.

Interim resistances are at 1179, 1182.50 & 1185.50 with minor resistances at 1177.20, 1180.70 & 1191.

The daily/weekly trend changer points are at 1202/1163.50 - 1163.50 might be targeted so as to have daily/weekly points in negative position.

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