XAU Trading Outlook (07-07-2015)
GOLD
Pivot: 1163
Likely scenario: Long positions above 1163 with targets @ 1175 & 1180.5 in extension.
Alternative scenario: Below 1163 look for further downside with 1156.3 & 1153 as targets.
Comment: A support base at 1163 has formed and has allowed for a temporary stabilisation.
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