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

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