Posted by Richard640
@ 16:20 on July 11, 2019
PNF for GOLD USING a 54 VB. It’s a simple look. I’ll add a few comments to tie it to a target.The PNF of the RSI for GOLD CONTINUES offers 20% upside in the movement for the RSI. Just for a beginning. So off a 1400 x 20%= 280 that would be 1680.
I’d consider that a very safe target with the understanding to get there GOLD has to tag 1458/1512/1566/1620 first.
OH notice the break out. Similar shows on the RSI PNF.
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1566 |
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1566 |
1512 |
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1512 |
1458 |
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1458 |
1404 |
O |
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X |
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1404 |
1350 |
O |
9 |
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6 |
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1350 |
1296 |
A |
4 |
O |
X |
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1296 |
1242 |
B |
X |
O |
X |
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1242 |
1188 |
O |
X |
8 |
• |
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1188 |
1134 |
C |
• |
• |
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1134 |
1080 |
• |
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1080 |
1026 |
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1026 |
972 |
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972 |
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16 |
17 |
18 |
19 |
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