GOLD Daily
Gold being capped by its down trend structure for the third time. However short term downside maybe limited/not so fast in coming days on the lower band (not bollinger bands).7th October update
posted by mike at 9:57 PM
Wednesday, October 04, 2006
Gold being capped by its down trend structure for the third time. However short term downside maybe limited/not so fast in coming days on the lower band (not bollinger bands).7th October update
About PDI
PDI [Price Distribution Indicator] is proprietary technique of extracting market rhythm. It provides some of these information:- - Market fair dynamic center
- - Expected price magnitude around market center
- - So called support/resistance lines, dynamic all over the time
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2 Comments:
Can you tell ME : What is that Bands ? It looks Like BB's.
What are those lines seems like Moving Avereges MA's ? Can you share the setting for this ?
THanx
hi ..
I see that there are two indicators you shot on the Gold chart .. one looks like the Bollinger Bands BB's , The other two lines looks like Moving Avereges MA's ..
May you tell me What are those ones ?
yours ..
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