Monday, March 16, 2015

RESISTANCE TRENDLINE IN XAUUSD (GOLD) 16/03/15


• 1162.2: the falling trend line from Friday's high.
• 1165.4: micro term 28.6% retracement, calculated for the drop from Mar 5th high 1209.5 to Wednesday's 3-month low 1147.7.
• 1171.3: micro term Fibonacci 38.2% retracement, calculated for the drop from Mar 5th high 1209.5 to Wednesday's 3-month low 1147.7.
• 1174.2: micro term 42.9% retracement, calculated for the drop from Mar 5th high 1209.5 to Wednesday's 3-month low 1147.7.
• 1178.6: micro term Fibonacci 50% retracement, calculated for the drop from Mar 5th high 1209.5 to Wednesday's 3-month low 1147.7.
• 1183.0: micro term 57.1% retracement, calculated for the drop from Mar 5th high 1209.5 to Wednesday's 3-month low 1147.7.
• 1185.9: micro term Fibonacci 61.8% retracement, calculated for the drop from Mar 5th high 1209.5 to Wednesday's 3-month low 1147.7.
• 1191.8: micro term 57.1% retracement, calculated for the drop from Mar 5th high 1209.5 to Wednesday's 3-month low 1147.7.
• 1200.7: micro term 57.1% retracement, calculated for the drop from Mar 5th high 1209.5 to Wednesday's 3-month low 1147.7.
• 1209.5: Mar 5th high.

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