0 0.113 (0.11334822207492888438131467604693) = 1 - .88665... 0.236 (0.23636363636363636363636363636364) = FibNum/FibNum+3 spaces (8/34; 13/55; 21/89; 34/144 0.382 (0.38196600646967900635274046949864) = 0.618^2; 1 – 0.618; 0.618/1.618; FibNum/FibNum+2 spaces (13/34; 34/89; 55/144) 0.5 = 1/2 0.6 = 3/5 0.618 (0.61803398488244884408656119067793) =Inverse Golden...
Each bullish wave from 2007-2011 experienced a major retracement after months of gains. The average retracement fell between the .382 and .5 fibonacci zones. The first and last wave experienced a .886 retracement.
Gold has been bullish for all of 2016. Previous bullish waves from 2008-2011 experienced a 50% retracement before continuing. Price action must go below 1193 before another major bullish cycle can continue. The current price action appears to be forming a 3 month Head and Shoulders. The neckline has not been broken, so the right shoulder may potentially continue...
This is a Method to follow Currency pair and pricing divergence of a Commodity to a Base Currency This demonstrative example is from from Gold in various currencies to Turkish Lira ₺ You can recreate this for your own purpose by following the same formulas. Because that symbol does not exist we have to divide pairs that have a common denominator. We will use...
See Chart for Detailed Analysis. Synopsis- The third week of March 2016 will see a short rise in the US Dollar. DXY will continue decline over the following weeks and months until it has normalized withing MA range. The tightening of BB on the Monthly chart means it will reach the lower boundary without reaching extreme lows. The US Dollar will continue to lose...