XAU Trading Outlook (07-08-2015)

GOLD

Pivot: 1094

Likely scenario: Short positions below 1094 with targets @ 1082.5 & 1080 in extension.

Alternative scenario: Above 1094 look for further upside with 1098 & 1101 as targets.

Comment: As long as 1094 is resistance, likely decline to 1082.5.

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