XAU Trading Outlook (06-10-2015)
GOLD
Pivot: 1130
Likely scenario: Long positions above 1130 with targets @ 1142.3 & 1148.5 in extension.
Alternative scenario: Below 1130 look for further downside with 1122.5 & 1112 as targets.
Comment: A support base at 1130 has formed and has allowed for a temporary stabilisation.
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