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

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