XAU Trading Outlook (22-12-2015)
SPI 200 (ASX)
Pivot: 5010
Our preference: long positions above 5010 with targets @ 5107 & 5130 in extension.
Alternative scenario: below 5010 look for further downside with 4960 & 4920 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
5160
5130
5107
5044 Last
5010
4960
4920