XAU Trading Outlook (07-09-2015)
GOLD
Pivot: 1126.7
Likely scenario: Short positions below 1126.7 with targets @ 1114 & 1110 in extension.
Alternative scenario: Above 1126.7 look for further upside with 1130.6 & 1134.5 as targets.
Comment: As long as 1126.7 is resistance, likely decline to 1114.
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