International Goldfields (IGL)

International Goldfields: The current Fibonacci Extension levels are:
(23.61%) $2.24
(38.2%) $2.25
(50%) $2.27
(61.8%) $2.28

The current support levels are:
(78.6%) $2.29
(100%) $2.31
(138.2%) $2.34
(161.8%) $2.37
(261.8%) $2.46
(423.61%) $2.6

Fibonacci extensions are used in Fibonacci retracement to predict spaces of resistance and support in the market. These extensions involve all levels drawn past the basic 100% level they are frequently used by traders to determine areas that will bring in profits.

[Calculation] Fibonacci Extensions:
1) Uptrend: D = B — (A — B) x N%;
2) Downtrend: D = B + (B — A) x N %;
3) Fibonacci Levels:
61.8%
100%
138.2%
161.8%
261.8%
423.6%;