XAU Trading Outlook (14-08-2015)

GOLD

Pivot: 1108.80

Our preference: Long positions above 1108.80 with targets @ 1127.00 & 1135.00 in extension.

Alternative scenario: Below 1108.80 look for further downside with 1101.30 & 1093.70 as targets.

Comment: A support base at 1108.80 has formed and has allowed for a temporary stabilisation.

 

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