XAU Trading Outlook (09-07-2015)

GOLD

Pivot: 1153

Likely scenario: Long positions above 1153 with targets @ 1170.3 & 1175 in extension.

Alternative scenario: Below 1153 look for further downside with 1147 & 1134.6 as targets.

Comment: The RSI is mixed with a bullish bias.

 

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