Gold Trends (2 June 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are pushing towards the 30% mark. 

However relative to the gold price, which has not caught to the movement as in the indicator, gold is still flaccid and a backbone is yet to grow out of it as it as it remains still slightly nearer the lows than away from it. 

The medium term trending indicators managed to confirm cutting back higher and it’s coming from a very deep valley. 

This opens up the upside for some serious play ahead. 

However, all of that may come to naught if gold totally dismisses the signal generated and languishes just around here. 

The long term directional indicators are finally waning and to cancel the soft signals, it needs gold to push back above 1230 by the middle of next week. 

The momentum/volatility indicators have dropped 2 notches lower but the soft bias is still nowhere to being compromised and overhangs like a cloudy day.

Interim supports are at 1201, 1196 & 1188.50 with minor supports at 1208.80, 1200.10 & 1178.60.

Interim resistances are at 1220.50, 1239 & 1243.50 with minor resistances at 1218.50, 1231.40 & 1240.70.

The daily/weekly trend changer points are at 1242.65/1303.60.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (1 June 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are finally taking some heat off the recent decline and just started pushing away from the oversold zone. 

So it is looking mildly positive at the moment and hopefully be able to lift clear off and recover back to at least 1235 and make good use of this and not be a wasted opportunity. 

The medium term trending indicators had a sharp turn around but is very near to being confirmed.  

It just needs gold to move and close back above 1225 and it’s a done deal. 

If it’s endeavour is successful, that could mean gold testing back to 1250 in the next week or two. 

The long term directional indicators are continuing to taper slightly further with each passing day with recent lows not breached but remain cautiously on the softer side. 

Gold needs to just guard the recent lows for at least 2 to 3 weeks and the indicators will likely be poised for having a break back higher. 

The momentum/volatility indicators are ebbing but the bearish stance has not yet been overwhelmed and likely be like a dark cloud, ready to pour when it starts raining but nothing doing until it does.

Interim supports are at 1201.50, 1194 & 1188.50 with minor supports at 1212.60, 1208.80 & 1200.10.

Interim resistances are at 1223, 1239.50 & 1249 with minor resistances at 1222, 1231.40 & 1238.

The daily/weekly trend changer points are at 1249.65/1303.60.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (31 May 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators, as dreaded, have managed to secure a turning here, albeit a day earlier than anticipated. 

Anyway, coming from such a low level and if the journey is smooth, might see gold recover back to at least 1235 levels.  

The medium term trending indicators have gone really deep and showing the faintest signs of trying its hand for some retracements due to gold shying away from yesterday’s low. 

This can be quickly ironed out should gold decide to ease back to recent lows but, having run such a course, lows for now may have been had. 

The long term directional indicators are showing slight tapering as selling may be curbed for now. 

Vigour will be renewed if gold thrashes and closes below 1200. 

The momentum/volatility indicators are losing a little steam and the bullish bias is starting to show a little weariness. 

It seems like gold may be going to be traipsing around for some more time as the next set of news or geopolitical tensions leads it along where gold is willing to follow.

Interim supports are at 1199, 1192.50 & 1188 with minor supports at 1208.80, 1200.10 & 1178.60.

Interim resistances are at 1224, 1228.50 & 1238 with minor resistances at 1222, 1231.40 & 1240.70.

The daily/weekly trend changer points are at 1257.80/1303.60.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (30 May 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are pushing towards the floor right now and its near enough too. 

Due to it not keeping near to the earlier lows in Asia, the descent lower and recoiling back higher will encourage tapering. 

If the recent low is not breeched soon with a closing below that, the indicator will go into recovery in another 2 days. 

The medium term trending indicators looks spent and may have run its course at the moment and it may yet bottom out from here. 

However, if sellers bunch together and continue with the onslaught, we may continue to enjoy the slide for a wee bit longer. 

The long term directional indicators came off a sharp gradient and nothing to suggest that the fall is over yet. 

The only thing keeping it from a freefall is the supports along the way as each time it surpasses one, some heat (strength) is taken off. 

The momentum/volatility indicators are gearing higher from the week before, all it needs is a 30% increase from current levels and gold will happily run along lower. 

The bearish bias is also deepening and the push might become a shove.

Interim supports are at 1198, 1188.30 & 1165 with minor supports at 1200.10, 1178.60 & 1168.70.

Interim resistances are at 1227.60, 1233.30 & 1237 with minor resistances at 1218.50, 1231.40 & 1238.

The daily/weekly trend changer points are at 1267.20/1301.60.

Happy Holidays to my friends in the US and UK.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators seem to be having the smallest of a kink forming in the oversold zone. 

Temporary reprieve may be likely whilst it recovers in the interim, for a day or two. 

After that, collusion with the other indicators is crucial if it should continue lower or recover further. 

The medium term trending indicators are still downward bearing and may only have sufficient length to last a week or so before it starts looking overdone. 

The long term directional indicators although it is nicely formed with nothing to suggest weariness of the trend, the only worry it is short-lived due to either news or geopolitical tensions. 

The momentum/volatility indicators are agnostic of what’s happening right now and remains not in the littlest bit likely to pump up the volumes anytime soon with the slight tinge of softness reversing a little.

Interim supports are at 1211, 1200 & 1190 with minor supports at 1218.40, 121.60 & 1208.80.

Interim resistances are at 1232, 1240.50 & 1249.50 with minor resistances at 1238, 1242 & 1252.

The daily/weekly trend changer points are at 1282/1303.60.

Get Gold Trading Chat (Android), excerpts from there

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

Gold has indeed come nicely lower today. In the daily charts, the short term directional indicators are pushing lower into the oversold zone.  

At the rate of the decline and the level of this indicator at the moment, we will be lucky if gold managed to test at least 1200 but by that time, the indicator might be hitting the floor. 

The medium term trending indicators is looking fast and furious and giving the move a little bit of spine but from where it is now, maybe we only have left another week of weakness.  

The long term directional indicators are set on a solid path at the moment and the market will likely continue to adopt a soft stance stretching out for another 2 weeks. 

Reprieve will only came from news or geopolitical tensions. 

The momentum/volatility indicators are keeping to a softer approach and surprisingly, although market has come down quite a bit, the indicators are not yet roaring.

Interim supports are at 1215.50, 1201.20 & 1189.60 with minor supports at 1212.60, 1208.80 & 1200.10.

Interim resistances are at 1224.50, 1230 & 1245.50 with minor resistances at 1222, 1231.40 & 1238.

The daily/weekly trend changer points are at 1289.20/1303.60.

Get Gold Trading Chat (Android), excerpts from there

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

In the daily charts, the short term directional indicators has a single prong just pushing into the oversold region whilst the other, is still a little way off. 

Hopefully this push lower is of substance and maybe we are able to see gold back to the 1200’s levels. 

It will be a great relief for those celebrating the Eid festival, soon, to be able to enjoy their seasonal gold fixes at lower rates. 

The medium term trending indicators have now penetrated deeply below the parity line and usually, it will continue on for at least another week. 

My friend reminded me that actually a text book example of a classic divergence, had previously formed but the reaction seemed retarded and only now, it’s started on it’s journey lower.  

The long term directional indicators have crossed over and bearish tones are set. 

Since it’s newly confirmed, the tone may last up to 2 weeks. 

The momentum/volatility indicators are in a weak phase right now but it seems to be missing the necessary intention to get off its butt and start moving. 

Hopefully we might be able to turn up at least 3 notches an gold should be finally on it’s way. 

If not, any move lower will be hard fought to overcome every support below.

Interim supports are at 1232, 1220.50 & 1206 with minor supports at 1228, 1218.40 & 1208.80.

Interim resistances are 1236.50, 1243.50 & 1252.50 with minor resistances at 1238, 1251.70 & 1268.30.

The daily/weekly trend changer points are at 1294.70/1303.60.

  Get Gold Trading Chat (Android), excerpts from there