RESISTANCE TRENDLINE IN XAUUSD (GOLD) 18/03/15

• 1152.9/1153.0: the Asian & American session lows, which are one pip apart from each other.
• 1159.8: yesterday’s American session’s high.
• 1163.9/1164.1: a small resistance area build by Mar 6th low & Mar 16th high.
• 1166.5: Mar 12th daily high, which is also very close to the falling trend line from Mar 2nd daily high.
• 1173.5: short term Fibonacci 38.2% retracement, calculated for the falling move from Mar 2nd top 1223.3 to yesterday’s 4-month low 1142.7.
• 1177.2: short term 42.9% retracement, calculated for the falling move from Mar 2nd top 1223.3 to yesterday’s 4-month low 1142.7.
• 1183.0: short term Fibonacci 50% retracement, calculated for the falling move from Mar 2nd top 1223.3 to yesterday’s 4-month low 1142.7.
• 1188.8: short term 57.1% retracement, calculated for the falling move from Mar 2nd top 1223.3 to yesterday’s 4-month low 1142.7.
• 1192.5: short term Fibonacci 61.8% retracement, calculated for the falling move from Mar 2nd top 1223.3 to yesterday’s 4-month low 1142.7.
• 1200.3: short term 71.4% retracement, calculated for the falling move from Mar 2nd top 1223.3 to yesterday’s 4-month low 1142.7.