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

In the daily charts, the short term directional indicators have now turned up, offering some respite from the recent softness seeing gold testing back to crucial support at 1308. 

If it is a good turning, possibly gold could test back to at least 1350. 

The medium term trending indicators are being kept in check at the parity line as it is starting to falter. 

If it manages to hold off further downward pressures, would see gold climbing back as early as the middle of next week. 

The long term directional indicators are meshed together albeit with a slight bearish bias. 

The momentum/volatility indicators spiralled uncontrollable lower and it will be difficult to urge gold to move too significantly in the next few days unless of course there was some earth shaking news. 

It is still maintaining a tinge of softness but may not have the sufficient oomph to push it too low.

Interim supports are at 1316, 1305 & 1301.50 with minor supports at 1315.50, 1303.60 & 1298.30.

Interim resistances are at 1331, 1345.50 & 1363 with minor resistances at 1335.50, 1338 & 1352.

The daily/weekly trend changer points are at 1306.55/1232.90.

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Gold Trends (21 July 2016) - Updates of Mib Agenti

Fortunately my travels permits stopping by a couple of days, of home leave, before going on a new business trip again. 

So a quick update while I am home. 

The short term directional indicators came very near to the oversold zone but now turned back up. 

The medium term trending indicators are testing the parity line, flowing downwards from a height. 

A contest of wills, will be fought here to decide if we see new lows are if the 1300 will be able to hold it here with a major resistance at 1308. 

If it holds, then potentially we have a chance to recover back to at least 1350. 

The long term directional indicators have almost confirmed cutting and if it does, portends that gold will remain weaker for a considerable period longer. 

The momentum/volatility indicators were driven quickly lower such that it is looking lacklustre at the moment. 

However, it is suggesting that bearish phase is not yet over and sometime would be needed to resynchronise all the indicators which have now gone out of whack.

Interim supports are at 1315, 1311.50 & 1301 with minor supports at 1308, 1298.30 & 1294.

Interim resistances are at 1330, 1333.50 & 1355 with minor resistances at 1323.40, 1344 & 1352.

The daily/weekly trend changer points are at 1303.70/1232.90.

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Gold Trends (4 July 2016) - Updates of Mib Agenti

Feeling a little dusty behind the ears after having been away for so long now but it’s nice to be back despite just being for 2 days before hitting the road again and likely for another 3 weeks. 

I must admit that the Brexit did influence gold quite a fair bit and likely more so in the coming weeks especially if any other bad news shakes the markets. 

In the daily charts, the short term directional indicators are just 2 days away from poking into the overbought region with it just near to the 75% mark now. 

The medium term trending indicators are pushing well ahead and must surpass the previous peak (in the technical) achieved in February or else a massive divergence will be formed on its failure. 

The long term directional indicators are maintaining a nice gradient upwards and may keep gold steady and thereby inching higher gradually. 

The momentum/volatility indicators are certainly not dull at the moment and have sufficient zip in it for gold to really start running higher. 

Maybe a new trigger needs to be found and it might just pop it above 1400 soon.

Interim supports are at 1321.50, 1311.50 & 1302.50 with minor supports at 1345, 1314 & 1303.

Interim resistances are at 1358, 1375 & 1413 with minor resistances at 1377, 1382.50 & 1410.

The daily/weekly trend changer points are at 1259.45/1214.15.

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Gold Trends (15 June 2016) - Updates of Mib Agenti

Duty called me from the thick of action and I missed all the action and looks set to continue missing it for another 3 weeks at the least. 

In the daily charts, the short term directional indicators had initially pushed above the overbought zone by a wide margin but with the weakness, have now been pushed back below the zone and touching the 70% level now. 

The medium term trending indicators are starting to look a little heavy and will peak soon enough the longer it strays and stays away from the recent highs.  

The long term directional indicators are still pressing on. So gold will likely continue keep trying to press higher or keeping to the higher side. 

However of late, most of the big moves came on the back of news so in all likelihood, gold will have a new burst of life when the next big news hit. 

The momentum/volatility indicators were climbing nicely but hit a road bump which has somewhat put it back a notch or two. 

Hopefully we are able to overcome it and surpass and push even higher.

Interim supports are at 1275.50, 1263 & 1259 with minor supports at 1278, 1270.60 & 1267.20.

Interim resistances are at 1303.50, 1307 & 1315 with minor resistances at 1305.90, 1316 & 1352.

The daily/weekly trend changer points are at 1258.40/1199.60.

ps. Mib Agenti will be away for another 3 weeks.

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

In the daily charts the short term directional indicators have almost come into the overbought zone but falling short.  

In fact, strength seems to be seeping as the march upwards looks like it’s facing a lot of headwind at the moment and maybe, it will not reach the overbought zone before attempting to bend back lower. 

The medium term trending indicators have almost caught up to the parity line so now comes the toughie, are we going to break through and close above the parity line or fall back from here? 

We need gold to close above 1250 in order to do that and falling short, gold will likely fall back first. 

The long term directional indicators are negated and right plonk in the middle of the miasma that it needs to navigate before a new direction become imminent. 

If the market continues being tied tether around here, even 2 weeks might not be sufficient to get a clear direction. 

The momentum/volatility indicators are equally depressing as it is diving to much lower levels for now. 

The earlier and freshly etched positive bias is not growing deeper and remains weak at the moment as it could well head back the other way.

Interim supports are at 1236, 1232 & 1222.50 with minor supports at 1239.30, 1228 & 1218.40.

Interim resistances are at 1244.50, 1252.50 & 1258.50 with minor resistances at 1251.70, 1268.30 & 1272.70.

The daily/weekly trend changer points are at 1202.40/1297.60

Mib Agenti will be away for the rest of the week.

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Gold Trends (6 June 2016) - Updates of Mib Agenti

In the daily charts, the short term directional indicators have come nicely higher and just around the 60% mark.  

It could possibly touch the overbought zone in about 3 more days. 

The medium term trending indicators are pulling up strongly and just about 2 steps away from the parity line. 

The long term directional indicators have now negated the earlier bearish bias. 

It will take some time before it re-synchronises itself and the new trend apparent. 

Probably gold needs to be kept engaged near the higher end till the week’s ending at the earliest, and we might get a confirmed signal for more upside forays. 

The momentum/volatility indicators are, believe it or not, still lackadaisical and needs to be turned up at least 3 notches before it starts to stir. 

However, the earlier softness in this technical is totally eradicated and if it must continue widening the gap, will put it in good stead for some chest thumping times higher.

Interim supports are at 1228.50, 1220.50 & 1207 with minor supports at 1239.30, 1228 & 1218.40.

Interim resistances are at 1252.50, 1258 & 1283 with minor resistances at 1251.70, 1268.30 & 1272.70.

The daily/weekly trend changer points are at 1200.50/1297.60.

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Gold Trends (3 June 2016) - Updates of Mib Agenti

Finally gold decided to show what it is made of. 

In one fell swoop, it just leapt to test above 1242. 

My charts are static, copied out from reuters 6 hours ago so those are irrelevant now. 

With less than ideal web charts, I will endeavour anyway with whatever resources is available. 

In the daily charts, the short term directional indicators have risen higher and almost touching the 48% mark. 

The medium term trending indicators confirmation has deepened and pulling towards the parity line and looks good to continue heading there for now. 

The long term directional indicators have been negated with gold above 1230 but, will it still be above that at the closing as that will confirm the negation, or not.  

The momentum/volatility indicators is sadly something is not available on web based charts but soft bias would likely now be almost compromised or already compromised if gold manage to close above 1240.

Interim supports are at 1238, 1228 & 1217.50 with minor supports at 1239.30, 1226.10 & 1215.

Interim resistances are at 1248.50, 1255 & 1293 with minor resistances at 1251.70, 1268.30 & 1272.70.

The daily trend changer point was initially at 1236.60 was triggered earlier and where it is now, I can’t confirm. 

The weekly trend changer point is at 1303.60.

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