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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