Wednesday, February 11, 2015

RESISTANCE TRENDLINE IN XAUUSD (GOLD) 11/02/15


• 1238.1: the falling trend line from yesterday's high.
• 1245.9: Monday's high.
• 1248.6: Fibonacci 50% retracement level, calculated for the falling move from Friday’s high 1268.8 to the same day’s low 1228.3.
• 1253.3: Fibonacci 61.8% retracement level, calculated for the falling move from Friday’s high 1268.8 to the same day’s low 1228.3.
• 1257.2: 71.4% retracement level, calculated for the falling move from Friday’s high 1268.8 to the same day’s low 1228.3.
• 1263.3: 85.7% retracement level, calculated for the falling move from Friday’s high 1268.8 to the same day’s low 1228.3.
• 1268.8: Friday’s daily high.
• 1273.6: 57.1% retracement level, calculated for the drop from Jan 22nd 5-month high 1307.6 to Friday’s low 1228.3.
• 1277.3: Fibonacci 61.8% retracement level, calculated for the drop from Jan 22nd 5-month high 1307.6 to Friday’s low 1228.3.
• 1284.9: 71.4% retracement level, calculated for the drop from Jan 22nd 5-month high 1307.6 to Friday’s low 1228.3.

No comments:

Post a Comment