Thursday, February 26, 2015

SUPPORT TRENDLINE XAUUSD (GOLD) 26/02/15


• 1212.7: Fibonacci 38.2% retracement, for the rising move from yesterday’s low & Fibonacci bottom 1201.1 to today’s current high 1219.9.
• 1210.5: an important support which combines the rising trend line from Tuesday’s low, with the Fibonacci 50% retracement, for the rising move from yesterday’s low & Fibonacci bottom 1201.1 to today’s current high 1219.9.
• 1208.3: Fibonacci 61.8% retracement, for the rising move from yesterday’s low & Fibonacci bottom 1201.1 to today’s current high 1219.9.
• 1206.5: 71.4% retracement, for the rising move from yesterday’s low & Fibonacci bottom 1201.1 to today’s current high 1219.9.
• 1205.3: micro term Fibonacci 50% retracement, for the rising move from Tuesday’s low 1190.6 to today’s current high 1219.9.
• 1201.8: micro term Fibonacci 61.8% retracement, for the rising move from Tuesday’s low 1190.6 to today’s current high 1219.9.
• 1199.0: micro term 71.4% retracement, for the rising move from Tuesday’s low 1190.6 to today’s current high 1219.9.
• 1194.8: micro term 85.7% retracement, for the rising move from Tuesday’s low 1190.6 to today’s current high 1219.9.
• 1190.6: Tuesday’s daily low, which was a 7-week low.
• 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.
• 1183.1: Oct 5th daily low & short term bottom.
• 1175.0: Nov 18th daily low & short term bottom.
• 1168.0: Jan 2nd daily low & short term bottom. This is the lowest price seen this year so far.
• 1161.2/6: a small support area built between Oct 31st & Nov 3rd daily lows.
• 1153.6: Nov 12th daily low.
• 1146.7: Nov 30th daily low & short term bottom.

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