XAU Trading Outlook (09-12-2015)

 

GOLD

Pivot: 1078

Likley scenario: short positions below 1078 with targets @ 1065.5 & 1058 in extension.

Alternative scenario: above 1078 look for further upside with 1082 & 1088 as targets.

Comment: as long as 1078 is resistance, likely decline to 1065.5.

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