Thursday, February 12, 2015

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


• 1223.0: the rising trend line from yesterday’s low.
• 1219.0: 85.7% retracement for the recovery from yesterday’s low.
• 1216.6: yesterday’s low.
• 1210.8: Dec 29th daily high.
• 1207.9: medium term 71.4% retracement level, calculated for the rising move from Jan 2nd major bottom 1168.0 to Jan 22nd 5-month high 1307.6.
• 1204.6: Jan 8th daily low.
• 1199.0: Dec 26th daily high.
• 1195.0: Jan 2nd daily high.
• 1188.0: medium term 85.7% retracement level, calculated for the rising move from Jan 2nd major bottom 1168.0 to Jan 22nd 5-month high 1307.6.

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