Fibonacci Rule and How to Use it in Trading Gold Explained

Do you know what Fibonacci rule is?

Basically, Fibonacci sequence is a sequence of numbers in which each successive number is equal to the sum of the two preceding numbers, such as 1, 1, 2, 3, 5, 8, 13, . . . The rule used to generated Fibonacci sequence is called Fibonacci rule, which can be fn+1 = fn + fn-1, where f1 = f2 = 1.

But can you apply Fibonacci rule in trading and profit from it?

Fibonacci tool for trader

INO.com has an educational video that explains how Fibonacci rule works in trading gold, following the bullion’s recent fluctuation in prices. If you are interested, use this link to watch the video and learn how to apply the rule to improve your trading and profit, hopefully :)

BTW, I covered INO’s free stock analysis tool the other day. Check it out if you want to learn more Instant Stock Analysis and Market Club.

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4 Responses to “Fibonacci Rule and How to Use it in Trading Gold Explained”

  1. Kevin |  Jan 31, 2009 at 12:14 pm

    Nice!! Thank You!
    The timing is perfect.
    I just finished reading Robert Prechter’s “Conquer the Crash” last week and am now going back to his 1995 “Crest of a Tidal Wave”.

    I am new to Elliot Wave Theory and Fibonacci Numbers and the video really helps!!

    I wish that had one for Elliot Wave interpretation.

  2. Patrick |  Feb 06, 2009 at 9:18 am

    Just so you know the Fibonacci Sequence starts with 0,1,1,2,3,5,8. The rule you have is right, but the “seed” values are 0 and 1.