DJC

GOLD Fib levels insane

FX:XAUUSD   Gold Spot / U.S. Dollar
50 1 4
Amazing how Mr Fib has played such an important role here.

Quite astounding.

If someone calls FIbs BS, just show them this :)
I quite agree, allthough i dont understand what the formula is for the caculation of the tools provided (i.e. the retracement tool & trend based). I use a log calculation and in the past had to plot each level in. Thanks to TV they have applied the same formula with the Fib Channel tool but must be viewed in log only. The Fib channel tool is the only one i use now. Give it a try and you probably wont go back.
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