XAU Trading Outlook (03-08-2015)

GOLD

Pivot: 1086.5

Likely scenario: Long positions above 1086.5 with targets @ 1105 & 1115 in extension.

Alternative scenario: Below 1086.5 look for further downside with 1080 & 1073 as targets.

Comment: The RSI is mixed with a bullish bias.

 

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