fxtrader66

Gold looking at a downside target?

FX:XAUUSD   Gold Spot / U.S. Dollar
368 3 3
Gold             continues to sell towards its 61.8 fib at 1277. Support here and gold             could produce a nice bounce if not rip higher. Alt - last week a triangle was broken and was back tested as resistance. Break of the 61.8 could push gold             to its full measured move of the triangle to 1235 that's at the same level of the 78.6 The RVI is embedded in a bearish pattern , if gold             is going to make new highs, I would want to see the RVI hold above its 50 level on the daily. If the RVI continues to stay embedded look for more possible downside price action.
like this explanation
Reply
Great Indicator Explanation~ RVI ~
Reply
http://www.chart-formations.com/indicators/rvi.aspx?cat=volatility http://tradingsim.com/blog/relative-volatility-index/
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out