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.

16-7-15 GOLD

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