XAU Trading Outlook (16-09-2015)

GOLD

Pivot: 1110

Likely scenario: Short positions below 1110 with targets @ 1098 & 1094 in extension.

Alternative scenario: Above 1110 look for further upside with 1116 & 1119 as targets.

Comment: As long as 1110 is resistance, likely decline to 1098.

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