XAU Trading Outlook (13-07-2015)

 

Gold spot

 

Gold spot ST: capped by a negative trend line.
Pivot: 1188 Our preference: Short positions below 1188 with targets @ 1143 & 1130 in extension. Alternative scenario: Above 1188 look for further upside with 1205 & 1233 as targets. Comment: The RSI broke below a rising trend line.
Supports and resistances:
1233 **
1205 *
1188 *
1162.13 Last
1143 ***
1130 *
1080 *
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