XAU Trading Outlook (22-07-2015)

 

GOLD

Pivot: 1110

Likely scenario: Short positions below 1110 with targets @ 1087 & 1080 in extension.

Alternative scenario: Above 1110 look for further upside with 1119 & 1130 as targets.

Comment: As long as 1110 is resistance, likely decline to 1087.

gold2

 

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