RESISTANCE TRENDLINE IN GOLD (XAUUSD) 05/02/15

• 1264.0: the falling trend line from today’s current daily high.
• 1269.7: 71.4% for the drop from the Asian session’s high 1274.0 to today’s current low 1258.8.
• 1274.3: Fibonacci 61.8% for the drop from Tuesday’s high 1285.8 to the same day's low 1255.6.
• 1277.2: 71.4% for the drop from Tuesday’s high 1285.8 to the same day's low 1255.6.
• 1281.5: 85.7% for the drop from Tuesday’s high 1285.8 to the same day's low 1255.6.
• 1286.3: Fibonacci 61.8% retracement level, calculated for the drop from Jan 22nd 5-month high 1307.6 to last Thursday’s 15-day low 1251.8. This level is only 5 pips above yesterday's high.
• 1291.7: 71.4% retracement level, calculated for the drop from Jan 22nd 5-month high 1307.6 to last Thursday’s 15-day low 1251.8.
• 1299.6: 85.7% retracement level, calculated for the drop from Jan 22nd 5-month high 1307.6 to last Thursday’s 15-day low 1251.8.
• 1307.6: Jan 22nd 5-month high.
• 1309.0: July 2nd daily low
• 1314.5: medium term 85.7% retracement for the falling move from July’s top 1345.3 to 2014 yearly low seen in November 1130.0.
• 1322.4: Aug 8th daily high.
• 1329.4: Jun 29th daily high.
• 1333.7: Jul 10th daily low.
• 1339.2: Jul 10th daily high.
• 1345.3: Jul 9th daily high & major top.