XAU Trading Outlook (11-08-2015)

GOLD

Pivot: 1091.65

Likely Scenario: Long positions above 1091.65 with targets @ 1109.75 & 1115.78 in extension.

Alternative scenario: Below 1091.65 look for further downside with 1087.97 & 1083.49 as targets.

Comment: The RSI is mixed.

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