XAU Trading Outlook (30-12-2015)
SPI 200 (ASX) (H6) Intraday: the upside prevails
Pivot: 5190
Our preference: long positions above 5190 with targets @ 5345 & 5380 in extension.
Alternative scenario: below 5190 look for further downside with 5140 & 5085 as targets.
Comment: the RSI is supported by a bullish trend line.
Supports and resistances:
5420
5380
5345
5285 Last
5190
5140
5085