Friday, July 9, 2010

Some fibonacci tools used in Gold

Its very interesting when see some tools give a good level area which represented as support pr resistance, such as Fibonacci fan, Fibonacci channel  and Fibonacci retracement.


first i would to  show Fibonacci channel and how its  work by chart:


see the highlight sowing respectful of fibo numbers


Next i would show the fibo fan and see how  its doing good job to find the critical level 





FRom low to 2 top





from low to last top





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