XAU Trading Outlook (29-12-2015)
SPI 200 (ASX) (H6) Intraday: further advance
Pivot: 5140
Our preference: long positions above 5140 with targets @ 5230 & 5295 in extension.
Alternative scenario: below 5140 look for further downside with 5085 & 5040 as targets.
Comment: the RSI advocates for further upside.
Supports and resistances:
5345
5295
5230
5197 Last
5140
5085
5040