I think you should take the low of 7th of Aug: 1272,7
If you take that we are now at 23.6 fib level
If you take that we are now at 23.6 fib level
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DislikedI think you should take the low of 7th of Aug: 1272,7 If you take that we are now at 23.6 fib levelIgnored
DislikedHow about this decline in gold! So, it appears I was right in my reasoning about 1425 being resistance - at least for now.Ignored
DislikedI think you should take the low of 7th of Aug: 1272,7 If you take that we are now at 23.6 fib levelIgnored
Disliked{quote} I agree, and I think the downside target is the $1370 area which is the 38.2% of that Fib which has confluence with the two longer-term Fibs previously noted on daily charts.Ignored
Disliked{quote} I agree, and I think the downside target is the $1370 area which is the 38.2% of that Fib which has confluence with the two longer-term Fibs previously noted on daily charts.Ignored
Disliked{quote} Don't be upset about that. If it's going to go down correcting further the H4 channel is what I am using to base trades with an eye on the daily. The glitch may have just saved you money, So far there are four tests on H4 of the 50 SMA. If it holds today will add further support to this SMA going forward. Other possibilities are channel bottom only if 1385 goes, which would be with time approximation 1350 / 60 for channel bottom on H4 which is also where the 200 SMA is which is right now appx 1389 only to get higher if the price stay sideways....Ignored
Disliked{quote} The glitch did cost me money my MM takes care of that ........ I got over being upset on missing out of nice set ups a long time ago, water off a ducks back nowIgnored