XAU Trading Outlook (08-07-2015)
GOLD
Pivot: 1163
Likely scenario: Short positions below 1163 with targets @ 1143.2 & 1134.6 in extension.
Alternative scenario: Above 1163 look for further upside with 1170.3 & 1175 as targets.
Comment: As long as 1163 is resistance, likely decline to 1143.2.
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