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Since the bottom in August of last year, gold has been moving up to the $1,566 high at the end of August/September. The Variable Changing Price Momentum Indicator (VC PMI) produces the average price on a daily basis, which we use for day trading. It also produces weekly and monthly averages, as well as a Fibonacci structure of five levels: two levels above and two levels below the mean.
Weekly Numbers
Since the low in August 2018 to the recent high at $1,566, the Fib Trend Lines gives us three trend lines of support. The