XAU Trading Outlook (14-10-2015)

GOLD

Pivot: 1164.5

Likely scenario: Long positions above 1164.5 with targets @ 1180 & 1185 in extension.

Alternative scenario: Below 1164.5 look for further downside with 1158.3 & 1151.52 as targets.

Comment: The RSI is mixed to bullish.

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