XAU Trading Outlook (20-07-2015)

GOLD

Pivot: 1130

Likely scenario: Short positions below 1130 with targets @ 1087 & 1080 in extension.

Alternative scenario: Above 1130 look for further upside with 1139 & 1146 as targets.

Comment: As long as 1130 is resistance, likely decline to 1087.

20-7-15 - gold

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