My Third Try (By behgozin)
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My Third Try Discussion
May 02, 2015 at 20:28
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1 Replies
May 07, 2015 at 12:23
I am wondering about Fibonacci Levels specially on Gold. There is a strong belief of fibo levels on Forex Market. Is there any body that checked the accuracy of this theory. I think there is not exact coincidence of fibo levels and Market direction change. at least in gold I found different number by investigating for 20 years period. In daily time frame you can find mainly 60-62(10 times), 40-43(11 times), 55 (11 times) and 27(6 times), 50 (4 times) and in 58 percent of times other case with different numbers.
So be careful on these numbers in gold
40-43
55
60-62
50
27
in retracement
I am interested to hear your experience
So be careful on these numbers in gold
40-43
55
60-62
50
27
in retracement
I am interested to hear your experience
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