XAU Trading Outlook (31-07-2015)

GOLD

Pivot: 1095.5

Likely scenario: Short positions below 1095.5 with targets @ 1080.5 & 1077 in extension.

Alternative scenario: Above 1095.5 look for further upside with 1100 & 1106 as targets.

Comment: As long as 1095.5 is resistance, likely decline to 1080.5.

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