On Monday, November 11th, we first spoke about two different technical indicators used to mathematically quantify market sentiment. One study we spoke about which is used to identify current market sentiment was a simple 50 and 200-day moving average. Then we discussed a technical study referred to as a Fibonacci retracement and we used it to identify a potential bottom and price support in gold. One critical benefit from the use of Fibonacci retracement theory is that this technique or study is one of the few leading technical indicators. Fibonacci retracement theory uses two price points... Read more
On Monday, November 11th, we first spoke about two different technical indicators used to mathematically quantify market sentiment. One study we spoke about which is used to identify current market sentiment was a simple 50 and 200-day moving average. Then we discussed a technical study referred to as a Fibonacci retracement and we used it to identify a potential bottom and price support in gold. One critical benefit from the use of Fibonacci retracement theory is that this technique or study is one of the few leading technical indicators. Fibonacci retracement theory uses two price points... Read more
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