XAU Trading Outlook (29-09-2015)

GOLD

Pivot: 1139

Likely scenario: Short positions below 1139 with targets @ 1128 & 1121 in extension.

Alternative scenario: Above 1139 look for further upside with 1148 & 1157 as targets.

Comment: As long as 1139 is resistance, likely decline to 1128.

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