XAU Trading Outlook (15-01-2016)
SPI 200 (ASX) (H6) Intraday: expect 4985.
Pivot: 4852
Our preference: long positions above 4852 with targets @ 4947 & 4985 in extension.
Alternative scenario: below 4852 look for further downside with 4825 & 4810 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
5040
4985
4947
4935 Last
4852
4825
4810