Gold Trends (18 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are still stubbornly refusing to push any higher despite the gold clearing the 1290’s and also not yet cutting up. 

So at least it is holding steady and needs gold to close around 1299 level or higher before it can cut and turn back higher and try to push back into the overbought region. 

The medium term trending indicators are more successful and have confirmed turning back up and northwards bearing. 

However, it must certainly push past the previous peak and in quick succession or else it might doom itself into confirming yet another divergence here should it ease back from here. 

The long term directional indicators are again opening up the gap between the channel and the indicator with the top of the channel crippling the push for gold to run even higher as it is now banging at the top around the 1298 level. 

So bring on more news to help gold to push past these levels so that the channel starts widening again and more headroom above. 

The momentum/volatility indicators surged slight overnight and just about 3 notches from turning hot and shooting past 1300 ought to do the trick and that in itself, could bring fresh impetus into the market and carry gold sailing past 1308, the previous high, and head towards 1321.50 being the target. 

The positive bias looks really entrenched will be hard to be unseated for now and could stay the market looking thus for at least another week.

Interim supports are at 1282, 1267.50 & 1261.50 and minor supports at 1282.50, 1278 & 1270.60.

Interim resistances are at 1295, 1306 & 1323.50 and minor resistances are at 1305.90, 1309.90 & 1316.

The daily/weekly/monthly trend changer points are at 1262.95/1206.20/1301.60.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (17 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are trying so hard to effect a turning here and also push back into the overbought region but the act is not successfully done yet.

In today’s trading, it is a must for gold to push above at least 1290’s or else it dooms itself to be pushed back towards the 1270’s for now. 

So keep the news rolling so that it becomes the wind in the sail to bring gold higher.  

The medium term trending indicators are much closer at trying to effect a cut back above towards the higher side but just when it’s almost a done deal, it just fell short, it didn’t have that last bit of burst to carry it over the line.  

So as speedily as it ascended, it could as quickly descend now so let’s hope it isn’t so. 

The long term directional indicators are stubbornly refusing to converge and kow tow to all the shorter indicators and still managing to hold its on and even helping gold to remain a lot longer nearer the higher end. 

This is evidently seen from the previous session when the kiss of death was on it but somehow it managed to wriggle free and pull away again to maintain the upper hand and in control so the direction is still alive, but by only a small margin. 

The momentum/volatility indicators are just inching a little higher and no fanfare yet. 

It will take a lot more doing in order to get it piping hot. Maybe a push above the 1300’s could set it ablaze and hopefully, fresh fuel to the fire. 

The positive bias opened up a little wider since yesterday and the gap is really wide and needs gold to be whacked hard to close at least below 1250’s, in one swift motion, to totally eradicate and turn it negative.

Interim supports are at 1278.50, 1265.50 & 1259.50 and minor supports at 1282.50, 1278 & 1270.60.

Interim resistances are at 1291.50, 1299 & 1302.50 and minor resistances are at 1291.40, 1305.90 & 1309.90.

The daily/weekly trend changer points are at 1261.10/1206.20.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (16 August 2017) - Updates of Mib Agenti

Gold was eventful the past week and a half thanks to the super powers daring each other on the nuclear front saw gold rise to a high above the 1290’s. 

However, just as the verbal jostling abated, so gold slumped back as well. 

In the daily charts, the short term directional indicators are not looking well despite the nice attempt at trying to conquer the 1300’s as a three humped divergence has now formed and also cut downwards, below the overbought region. 

If considering nothing but this indicator alone, then, gold is doomed to be thrown but to the pits from whence it climbed from. 

However in reality, all factors and fundamentals have to be fully considered in order for planning your trades. 

The medium term trending indicators are also showing a divergence but only a 2 humped one and freshly minted.

In the nearer term, gold will likely try to head for 1230’s at the least for now and if speedily done, then 1200’s further out. 

So please watch out for any new nuclear rumblings which might distort the prices again. 

The long term directional indicators needs gold to be closing at 1268 and below in order to confirm negation of the current direction as at the last, it was at a kissing posture, that is, waiting to be or not to be confirmed, depending on the closing. 

The momentum/volatility indicators are suggesting that the market is slow moving and maybe not able to get to an agitated state for now, so extreme moves will not be apparent. 

The positive bias still remains open widely and probably will not be compromised this week. 

To bring the 2 poles together, could probably need gold to be closing at least 1245 or lower in order to have a near enough chance.

Interim supports are at 1262, 1255 & 1249.50 and minor supports at 1265, 1260.60 & 1256.50.

Interim resistances are at 1272.50, 1288.50 & 1295 and minor resistances are at 1277.30, 1291.40 & 1305.90.

The daily/weekly trend changer points are at 1259.15/1206.20.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (04 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are pressing just a tad lower from yesterday without big losses yet now that it’s a confirmed signal, if it plays out right, we could see at least 1235 if it’s a slow move and, 1215 if the move is a furious one. 

The medium term trending indicators are southwards bearing and painting a possible a killer move in the offing, with gold being sunk back towards the 1200’s, over the next 3 weeks. 

As the indicators are freshly cut across with a steep gradient, could mean a almost noiseless descent in the making. 

The long term directional indicators are levelling even more today and does look a little toppish but the gap from the indicators to the channel is still too wide and hard to compromise. 

It will take considerable effort to utterly and completely destroy it, requiring that gold trades and closes below 1255 for the week. 

So the closing is crucial as, even if it traded below 1255 but closed back above the 1265, then you could have witnessed a false break and some might even identify it as a rising star. 

The momentum/volatility indicators are remaining unchanged from yesterday and at such low levels it is difficult to expect any foreseeable big movements. 

So if any big movement comes, it will be a result of external factors, not on its own dynamics. 

The positive bias staved off narrowing further and the gap is too wide for the bias to be easily converted to look negative within the next couple of days, but looking battered is another matter altogether.

Interim supports are at 1255.50, 1250.50 & 1241.50 and minor supports at 1254.80, 1239.30 & 1228.

Interim resistances are at 1264, 1277.50 & 1286.50 and minor resistances are at 1268.30, 1277.30 & 1280.40.

The daily/weekly trend changer points are at 1258.20/1283.85.

Note: The daily trend changer points would have been taken out now, so this is lending some pressure on gold prices here on.

Mib will be travelling the whole of next week.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (03 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are unable to withstand holding in the overbought zone and just managed to cut down lower and under the zone now. 

Now that’s done, the market is due for some retracements soon and the only thing able to turn/save the situation, will be  a strong gust of news or geopolitical tension and if none arises, then gold has seen the highs and a dip is imminent. 

The medium term trending indicators was created by a steep climb up and having just confirmed cutting across and back lower. 

Once it works out its kinks, we could see a steep descent as well, making a symmetrical and mirror image of the ascent which could send gold to at least, the low 1200’s. 

In the long term directional indicators, we are finally able to see some slight levelling off and the gap between the indicator to the channel, has become smaller. 

By and large, the current direction is very much intact, and probably be negated once gold starts closing below the 1260’s and lower, in order to cancel the direction in the next 5 days. 

Failing to do so will mean that gold had managed to stabilised above te 1260’s and once sufficient time has passed and the indicators all recalibrated, could swing back higher again. 

The momentum/volatility indicators are starting to be wishy washy again as it lost at least 7 notches lower, having no true desire to push it out of the comfort zone any time soon, to continue testing the highs. 

The positive bias’s gap is much closer today but it doesn’t look like it can be pushed a 180 degrees yet, and safe for the week. 

Gold is pitted to slide further and deeper next week so the earliest it can be tipped over the other side, is then.

Interim supports are at 1262, 1253.50 & 1249 and minor supports at 1260.60, 1254.80 & 1239.30.

Interim resistances are at 1275, 1284 & 1290.50 and minor resistances are at 1268.30, 1277.30 & 1280.40.

The daily/weekly trend changer points are at 1257.95/1283.85.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (02 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are just sitting above the overbought zone and not budging and somehow managing to defy gravitational pull back earthwards. 

Without new highs made, the indicators could easily be pulled back downwards as they are the most whippy with the least resolve. 

The medium term tending indicators are looking a little dicey as a cross is being attempted right now and will be most successful if gold closes below 1260 today. 

If the cross over is confirmed, could send gold on a nice long ride back lower towards the 1200 as the target. 

Also, it will be coming off from a very nice height so it will have sufficient room for trying the lows. 

The long term directional indicators are well entrenched for now and can only be dislodged off its perch is, if gold closes below 1257. 

With such a narrow channel to navigate, it is most unavoidable that it keeps banging the top and does a 180 degrees and start hitting the bottom next. 

This is most frustrating for trend traders as they will be bled dry, each and every time. 

The momentum/volatility indicators are at levels very near to the hot zone today, just 3 more notches could help send gold in a dizzying frenzy but don’t hold your breath as it is not plain smooth sailing for gold to test higher. 

From here on, as gold has remained positive for almost a month already, some retracements are due and good chance for indicators to resynchronise itself, thereby creating the necessary space, before attempting to push it higher still. 

The positive bias is continuing to open wider today but at a decreasing rate as it is getting weary. So maybe we cannot expect gold to move in a bigger fashion.

Interim supports are at 1261.50, 1253.50 & 1249.80 and minor supports at 1260.60, 1254.80 & 1239.30.

Interim resistances are at 1275.50, 1285.50 & 1291.50 and minor resistances are at 1272.70, 1280.40 & 1291.40.

The daily/weekly trend changer points are at 1253.95/1283.85.

Get Gold Trading Chat (Android), excerpts from there

Gold Trends (01 August 2017) - Updates of Mib Agenti

In the daily charts, the short term directional indicators are pushing higher in the overbought region despite that it can easily run out of headroom and knock onto the ceiling. 

If the play is well managed, gold could continue rising for another 2 days before that happens, in a bid of gold positioning, that is, push it quickly above the 1300’s first so that on the retracement down, that is able to catch it from falling back too far so that when the direction changes again, it starts off from a higher ground. 

The medium term trending indicators are showing some signs of fatigue with slight levelling off seen. 

It has now matched the previous peak now, as it takes a breather and ponders if it were to try to scale the peak even before that. 

The long term directional indicators are relentless and the gradient ushering it higher looks very firm but it must contend the narrow and congested channel and hopefully it doesn’t get tired banging on the 2 bands and give up its run higher midway. 

The momentum/volatility indicators are increasing by quite a few notches but still not near to the hot zone yet. 

Additional catalysts are required to send it upwards and usually in the form of news or events of global proportions. 

The positive bias opened wider at a slower rate to, remaining unchanged from the previous session, just as gold is languishing nearer the highs as closing too low will unnecessarily cause it to look toppish and accidentally trigger off selling and turn into a self fulfilling prophecy.

Interim supports are at 1260, 1254 & 1242 and minor supports at 1260.60, 1254.80 & 1239.30.

Interim resistances are at 1276, 1286 & 1291.50 and minor resistances are at 1272.70, 1280.40 & 1291.40. The daily/weekly trend changer points are at 1208.55/1290.60.

Get Gold Trading Chat (Android), excerpts from there