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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