Gold continues to press up into a resistance zone that has stalled the ascent since Monday. Support for the sharp rally is around the 8-Day MA at 2,322. It remains the most sensitive level to watch ...
- As looked at earlier in this module,Fibonacci retracements can help traders to identify possible support/resistance . - We've previously discussed how a trader can use Fibonacci retracements on long ...
-“A ‘pullback’ materialized all right. Gold got hammered but did end up rebounding at the month open. The decline is probably the beginning of the move into 1235, which is estimated as important ...
Natural gas looks to have found support around the 78.6% Fibonacci retracement with a low of 2.03. It is on track to close higher than the open, with a green candle for the first day in five days. If ...
It’s easy to feel like you’ve found the Holy Grail when you’re first introduced to the Fibonacci sequence and furthermore, the Fibonacci ratios. The common Fibonacci ratios of 38.2%, 61.8% & 76.4% can ...
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