XAU Trading Outlook (15-07-2015)

GOLD

Pivot: 1158

Likely scenario: Short positions below 1158 with targets @ 1150.8 & 1147 in extension.

Alternative scenario: Above 1158 look for further upside with 1164.3 & 1167.7 as targets.

Comment: As long as 1158 is resistance, likely decline to 1150.8.

gold 15-7-15

 

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