XAU Trading Outlook (16-07-2015)
GOLD
Pivot: 1153.7
Likely scenario: Short positions below 1153.7 with targets @ 1143.9 & 1140 in extension.
Alternative scenario: Above 1153.7 look for further upside with 1156 & 1159.5 as targets.
Comment: As long as 1153.7 is resistance, likely decline to 1143.9.
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