XAU Trading Outlook (02-09-2015)
GOLD
Pivot: 1134
Likely scenario: Long positions above 1134 with targets @ 1148 & 1153 in extension.
Alternative scenario: Below 1134 look for further downside with 1125 & 1117 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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