Gold Trends (8 March 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have just poked its head into the overbought zone. 

Having done that, it must continue rallying as once it starts to falter, it might be a prelude that the market top has been etched and retracements might be in store. 

The medium term trending indicators are nicely poised upwards but the gap from the earlier peak to its current level is very wide. 

In order to close the gap, would need gold to run to at least 1330 at the minimum.

Failure to surpass the previous peak will in fact turn it into a very strong divergence especially if it manages to cut lower. 

The long term directional indicators are continuing higher and will be a while more before any signs of softness will appear.

The momentum/volatility indicators are at very good levels, around the 50% mark, sufficient to push gold quickly if it so desired.


Interim supports are at 1261.50, 1253.50 & 1247.50 with minor supports at 1256.50, 1239.30 & 1228.

Interim resistances are at 1273, 1276.50 & 1283 with minor resistances at 1272.70, 1277.30 & 1291.40.


The daily/weekly trend changer points are at 1209.50/1103.15.

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Gold Trends (7 March 2016) - Updates of Mib Agenti

Gold has reacted positively to one bad news after another and propped it a lot higher than when I had left off. 

It has gone up a far bit and if we were  taking only an initial glance, we might be tempted to just jump in and go along with the current trend. 

In the daily charts, the short term directional indicators are positively slanted higher and should be extending into the overbought zone by Wednesday. 

So the prices must definitely run higher (1300) or it's doomed to collapse upon itself should it fail.

The medium term trending indicator has cut very nicely higher but could mutate into a bull trap if the move is not well managed and driven a lot higher. 

A divergence could be confirmed and that spells doom, at least in the short term and we have to see the severity of the retracement in order to see if it can turn into a medium term retracement. 

The long term directional indicators went back into a positive bias last Tuesday and looks like it may continue for 10 days more, lingering to the higher side.

The momentum/volatility indicators have not run amok despite gold pressing a lot higher, it's only around the 50% mark with plenty of maneuverable room either way.

Interim supports are at 1261, 1247.50 & 1242.50 with minor supports at 1256.50,1239.30 & 1228.

Interim resistances are at 1269, 1273.50 & 1280 with minor resistances at 1272.70, 1277.30 & 1291.40.

The daily/weekly trend changer points are at 1205.05/1103.15.

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Gold Trends (26 February 2016) - Updates of Mib Agenti

Well another week has almost come to past with a good range logged. 

In the daily charts, the short term directional indicators are bearing signs of weakness and around the 60% mark. 

It may need for gold to test and close below 1215 before the earlier direction is overridden.  

The height where it is now, will permit gold to have a chance to revisit 1190 next week. 

The medium term trending indicator gentle curving up has pulled lower and resuming its earlier bias. 

The long term directional indicators have now crossed over into the consolidation zone and new developments will reshape the new direction and at the earliest, in 2 weeks's time will become clearer. 

The momentum/volatility indicators are at the 40% mark and holding so it's supportive of bigger moves/ranges if it so desired.

Interim supports are at 1222.50, 1219 & 1200 with minor supports at 1218.40, 1208.80 & 1204.70.

Interim resistances are at 1229.50, 1247.50 & 1257.50 with minor resistances at 1238, 1242 & 1251.70.

The daily/weekly trend changer points are at 1192.85/1076.80.

Note. There is a cloud of support around the 1190 and if following strictly to the application of this technical, it will be vulnerable in May when it's at it's thinnest point. 

p.s. Mib will be away for a week and maybe back only on the 11th. 

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Gold Trends (25 February 2016) - Updates of Mib Agenti

The daily trend changer point was compromised in yesterday's brief rally above 1250. 

However, due to a lack of sustaining power, it promptly eased off the highs and makes a nicer drawing of the divergence then if it had not gone above 1250. 

In the daily charts, the short term directional indicators are just around the 65% mark and wavering as the gradient is decaying and showing some signs of turning down but the gap between the 2 indicators is still wide. 

The medium term trending indicators are showing slight support for gold as a crook has appeared and may try to turn up from here. 

The longer term directional indicators are still meshed together and unable to make a clean break until it moves sufficiently from current levels like 1260 or 1200. 

The momentum/volatility indicators are at a tipping point. 

That is, the heat is easily turned up if so required, we just need fresh catalysts.

Interim supports are at 1230.50, 1223 & 1220 with minor supports at 1224.10, 1218.40 & 1208.80.

Interim resistances are at 1245.50, 1257.50 & 1282.50 with minor resistances at 1242, 1251.70 & 1268.30.

The daily/weekly trend changer points are at 1191.65/1076.80.

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Gold Trends (24 February 2016) - Updates of Mib Agenti

In the daily charts the short term trending indicators have by now been commandeered successfully but a pity it started from the middle ground and reaching the 60% mark now. 

In all likelihood, it will be touching the over bought zone by the week's end and if it didn't paddle any higher (minimum required is at least, breaking and closing above the recent highs), is setting itself up for some retracements by next week. 

The medium term trending indicators has barely wriggled but at least the steepness is flattening out a little and but still pointing lower. 

Only surpassing the recent high then there is some chance of turning it around. 

The long term directional indicators are meshed together and trying to separate and re-enact it's earlier direction with this uptick seen today with possibly some equity sell off and downgrade news. 

The momentum/volatility indicators only saw the faintest of renewed strength and could be fresh volatility coming back into the market but the news must keep coming to spur it higher. 

The fear is, once it dries up, so will the volumes.

Interim supports are at 1244.50, 1219.50 & 1217.50 with minor supports at 1239.30, 1228 & 1218.40.

Interim resistances are at 1250.80, 1256.50 & 1277.50 with minor resistances at 1251.70, 1268.30 & 1272.70.

The daily/weekly trend changer points are at 1252.60/1076.80.

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Gold Trends (23 February 2016) - Updates of Mib Agenti

Gold is trapped at the moment as the signals continue to confound and contradict each other at every turn. 

It needs to re-synchronise before a clearer direction becomes evident. 

In the daily charts, the short term directional indicators which was open-jawed yesterday has managed to cut back higher, albeit at the 50% mark leaving it with less manoeuvrable room should it trade higher. 

The medium term trending indicator continues its passage lower with no signs of recovering too high due to the steep decline and if 1260 is not surpassed soon, it will start looking more divergent each time it creeps higher in purposeless forays. 

Whereas in the longer term directional indicators have been preempted and a period of consolidation might ensue as it takes time to readjust and then a new trend will be able emerge thereafter. 

The momentum/volatility are leaking out as quickly as it seeped in and currently around the 30% level which should yield some nice ranges but not enough to cause it to run too far off. 

Interim supports are at 1221, 1213 & 1194.50 with minor supports at 1218.40, 1208.80 & 1200.10.

Interim resistances are at 1235.50, 1251 & 1274.50 with minor resistances at 1238, 1242 & 1251.70. 

The daily/weekly trend changer points are at 1253.85/1076.80.

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Gold Trends (22 February 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators which were trying to cut back up and higher has lost some steam with the lower prices. 

All is still not yet lost as it managed to steady itself around the 50% mark and gently bearing higher but, not yet crossed up. 

The medium term directional indicators, the second attempt has failed and the danger of a divergence developing is a very real prospect. 

The long term directional indicators are now in contact but still unable to cross over and confirm the end of the bullish bias. 

The momentum/volatility indicators continue decelerating but not yet into a stasis situation yet, fingers crossed, just around the 35% mark.

Interim supports are at 1119.50, 1193.60 & 1185 with minor supports at 1200.10, 1178.60 & 1168.70.

Interim resistances are at 1213.60, 1218.50 & 1222.50 with minor resistances at 1218.50, 1232 & 1240.70.

The daily/weekly trend changer points are at 1255.10/1076.80.

Note. The way market is developing, possibly a closing below psychological 1200, will excite new short taking.

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