Thursday, February 12, 2015

RESISTANCE TRENDLINE IN XAUUSD (GOLD) 12/02/15


• 1232.5: micro term 71.4% retracement level, calculated for the falling move from yesterday’s high 1238.8 to the same day’s low 1216.6. This level was tested with stunning accuracy when the price topped 6 pips above it earlier today, before dropping more than 100 pips.
• 1236.4: short term 28.6% retracement level, calculated for what looks like a 5-wave sequence from February 3rd high 1285.8 to yesterday’s low 1216.6.
• 1243.0: short term Fibonacci 38.2% retracement level, calculated for what looks like a 5-wave sequence from February 3rd high 1285.8 to yesterday’s low 1216.6.
• 1246.3: short term 42.9% retracement level, calculated for what looks like a 5-wave sequence from February 3rd high 1285.8 to yesterday’s low 1216.6.
• 1256.1: short term Fibonacci 50% retracement level, calculated for what looks like a 5-wave sequence from February 3rd high 1285.8 to yesterday’s low 1216.6.
• 1232.5: short term 57.1% retracement level, calculated for what looks like a 5-wave sequence from February 3rd high 1285.8 to yesterday’s low 1216.6.
• 1259.4: short term Fibonacci 61.8% retracement level, calculated for what looks like a 5-wave sequence from February 3rd high 1285.8 to yesterday’s low 1216.6.
• 1266.0: short term 71.4% retracement level, calculated for what looks like a 5-wave sequence from February 3rd high 1285.8 to yesterday’s low 1216.6.
• 1275.9: short term 85.7% retracement level, calculated for what looks like a 5-wave sequence from February 3rd high 1285.8 to yesterday’s low 1216.6.

No comments:

Post a Comment