This is where things start to get interestring....QE is the only choice, hence the beat down in Gold...

Included in this cluster of potential resistance are the following:

• 23.6% Fibonacci Retracement of 2007-2016 Decline ~2.28%
• 38.2% Fibonacci Retracement of 2010-2016 Decline ~2.33%
• 61.8% Fibonacci Retracement of 2014-2016 Decline ~2.39%
• The Post-2007 Down Trendline (on a log scale), connecting the 2014 High ~2.37%