XAU Trading Outlook (21-07-2015)
GOLD
Pivot: 1119
Likely scenario: Short positions below 1119 with targets @ 1087 & 1080 in extension.
Alternative scenario: Above 1119 look for further upside with 1130 & 1139 as targets.
Comment: As long as 1119 is resistance, look for choppy price action with a bearish bias.
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